Mustard seed futures rise on spot cues

Image
Press Trust of India New Delhi
Last Updated : Mar 05 2018 | 11:45 AM IST
Mustard seed prices rose Rs 57 to Rs 4,165 per quintal in futures trade today as participants created positions on upbeat physical sentiments.
Market players said immense buying by investors in line with rising prices at physical markets due to paucity of ready stocks, powered by brisk demand from oil mills, ascertained upsurge in mustard seed futures prices.
Strong demand for mustard seed cake from animal feed makers too influenced prices in futures trade, they quoted.
At the National Commodity and Derivative Exchange counter, mustard seed delivery for most traded April month contract jumped up by Rs 57 or 1.39 per cent to Rs 4,165 per quintal, with the business turnover of 32,090 open lots.
Similarly, the delivery for the May month contract climbed up by Rs 55 or 1.33 per cent to Rs 4,204 per quintal, with an open interest of 11,600 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 05 2018 | 11:45 AM IST

Next Story