Mustardseed up 0.61% on fresh buying
Speculators enlarge positions on higher offtake in spot markets, tight supplies
 "Mustardseed up 0.61% on fresh buying")
Mustardseed prices were up by 0.61 per cent to Rs 3,931 per quintal in future trade today as speculators enlarged positions, supported by rising demand in spot markets.
At the National Commodity and Derivatives Exchange, mustardseed prices for most-active December contracts gained Rs 24, or 0.61 per cent to Rs 3,931 per quintal, in an open interest of 20,980 lots.
The January contract advanced by Rs 18, or 0.46 per cent to Rs 3,907 per quintal, with an open interest of 15,770 lots.
Marketmen said besides rising demand in the physical market, restricted supplies, mainly led to the rise in mustardseed prices in futures trade.
At the National Commodity and Derivatives Exchange, mustardseed prices for most-active December contracts gained Rs 24, or 0.61 per cent to Rs 3,931 per quintal, in an open interest of 20,980 lots.
The January contract advanced by Rs 18, or 0.46 per cent to Rs 3,907 per quintal, with an open interest of 15,770 lots.
Marketmen said besides rising demand in the physical market, restricted supplies, mainly led to the rise in mustardseed prices in futures trade.