 "Mustardseed up 1.6% on strong demand")
Tracking a firming trend at the physical market on rising demand, mustardseed prices spurted Rs 64 to Rs 4,169 per quintal in futures trade today as speculators created positions.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in June contracts rose Rs 64, or 1.56 per cent, to Rs 4,169 per quintal, with an open interest of 17,250 lots.
Also, most-active July month contracts were trading higher by Rs 60, or 1.45 per cent, to Rs 4,193 per quintal, in an open interest of 77,380 lots.
Marketmen said a firming trend at the spot market on strong demand from oil mills and vanaspati units against tight supplies from growing regions led to the rise in mustardseed prices.
At the National Commodity and Derivatives Exchange, mustardseed for delivery in June contracts rose Rs 64, or 1.56 per cent, to Rs 4,169 per quintal, with an open interest of 17,250 lots.
Also, most-active July month contracts were trading higher by Rs 60, or 1.45 per cent, to Rs 4,193 per quintal, in an open interest of 77,380 lots.
Marketmen said a firming trend at the spot market on strong demand from oil mills and vanaspati units against tight supplies from growing regions led to the rise in mustardseed prices.
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 →*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
SAVE 25%