Mustardseed prices rose by Rs 64 to Rs 4,012 per quintal in futures trading today on buying by speculators, tracking firm spot markets trend.
Marketmen said restricted supply and pick up in demand at physical markets mainly influenced trading sentiments here in futures price of mustardseed.
Better offtake by oil mills and vanaspati ghee industries also helped boost the trading sentiments, they said, adding that rising price of alternate edible oils in spot markets was another supporting reason for mustard.
At the National Commodity and Derivatives Exchange, mustardseed for August delivery rose by Rs 64, or 1.62%, to Rs 4,012 per quintal, with an open interest 84,940 lots.
The July contract advanced by Rs 46, or 1.18%, to Rs 3,948 per quintal, with an open interest of 92,050 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app