Mustardseed futures up on increased buying

Mustardseed prices hardened by Rs 5.55 to Rs 574.90 per 20 kg in futures trading due to speculative buying in line with firm spot markets sentiment.

Pick up in demand from edible oil making industries supported the prices in spot markets.    

At the National Commodity and Derivatives Exchange counter, mustardseed prices for the most-active December month contract went up by Rs 5.55, or 0.97 per cent, to Rs 574.90 per 20 kg, showing an open interest of 1,35,480 lots. 

Near January-month contract also moved up by Rs 5.45, or 0.94 per cent, to Rs 584.35 per 20 kg, with an open interest of 88,760 lots.