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Mustardseed prices hardened by Rs 62 to Rs 3,755 per quintal in futures trading today, following fresh buying by stockists in tandem with improved sentiment in spot markets.
Marketmen said fall in supply against against pick-up in demand in physical markets led to the rise in mustardseed futures prices.
Strong demand from oil mills coupled with vanaspati units largely pushed up prices, they said.
At the National Commodity and Derivatives Exchange, mustardseed for far August contract gained Rs 62, or 1.68%, to Rs 3,755 per quintal, clocking an open interest of 1,120 lots.
Near June contract rose by Rs 31, or 0.86%, to Rs 3,642 per 100 kg, with an open interest of 63,290 lots.
Most active May contract improved by Rs 29, or 0.81%, to Rs 3,588 per quintal and open interest persisting in 1,03,890 lots.
