 "Mustardseed up 1.7% on short covering")
Mustardseed prices improved by Rs 61 to Rs 3,501 per quintal in futures trade today on revival of buying driven by firm spot markets sentiment.
Marketmen said apart from low levels buying, higher millers demand against restricted supply mainly pushed up the prices.
They said strong demand from vanaspati and other edible oil mills also attracted traders to raise holdings.
The commodity for January climbed up by Rs 55, or 1.53%, to Rs 3,659 per quintal with an open interest of 380 lots.
Most active October month too hardened by Rs 23, or 0.65%, to Rs 3,543 per quintal, having an open interest of 50,400 lots.
Marketmen said apart from low levels buying, higher millers demand against restricted supply mainly pushed up the prices.
They said strong demand from vanaspati and other edible oil mills also attracted traders to raise holdings.
Also Read
At the National Commodity and derivatives Exchange, mustardseed for current September contract rose by Rs 61, or 1.77%, to Rs 3,501 per quintal, in an open interest of 5,730 lots.
The commodity for January climbed up by Rs 55, or 1.53%, to Rs 3,659 per quintal with an open interest of 380 lots.
Most active October month too hardened by Rs 23, or 0.65%, to Rs 3,543 per quintal, having an open interest of 50,400 lots.
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