Mustardseed futures up on increased buying

Mustardseed prices rose Rs 15 to Rs 4,131 per quintal in futures trading today on increased buying by traders in tandem with higher physical markets.
At the National Commodity and Derivatives Exchange, mustardseed for August contract delivery improved by Rs 15, or 0.36 per cent to Rs 4,131 per quintal, with an open interest of 74,260 lots.
The September delivery gained Rs 15, or 0.36 per cent to Rs 4,175 per quintal, in an open interest of 26,620 lots.
Marketmen said a firming trend at the domestic spot markets on the back of increased demand from vanaspati units and other consuming industries and tight arrivals from growing regions, mainly influenced mustardseed prices in futures trade.