Mustardseed futures up on renewed buying support

Mustardseed prices looked up by Rs 26 to Rs 3,216 per quintal in futures trading today, on speculators buying driven by a firm spot market sentiment.

Marketmen said reports of less showing areas this season, triggered buying by oil mills, mainly encouraged traders to raise their holdings.

At the National Commodity and Derivatives Exchange, mustardseed prices for December contract added Rs 26, or 0.82%, to Rs 3,216 per quintal, with an open interest of 62,960 lots.

Prices for January contract, too, moved up by Rs 21, or 0.65%, to Rs 3,268 per quintal, clocking an open interest of 84,460 lots.