Mustardseed up 1% on renewed buying
Renewed buying and strong demand in the international market added gains in mustardseed prices
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Mustardseed prices rose by Rs 35 to Rs 3,246 per quintal in future trading today on falling demand in the spot market.
Maketmen said renewed buying by traders in line with weak supplies against restricted stocks position mainly kept prices higher.
Strong demand in the international market also added some gains in mustardseed prices, they said.
At the National Commodity and Derivatives Exchange, mustardseed for October contract shot up by Rs 35, or 1.09% to Rs 3,246 per quintal, showing an open interest of 15,560 lots.
Near September month gained by Rs 33, or 1.04% to Rs 3,215 per quintal, clocking an open interest of 66,080 lots.
Most active current August month contract followed suit, and rose by Rs 31, or 0.98%, to Rs 3,180 per quintal, mirroring an open interest of 66,460 lots.
Maketmen said renewed buying by traders in line with weak supplies against restricted stocks position mainly kept prices higher.
Strong demand in the international market also added some gains in mustardseed prices, they said.
At the National Commodity and Derivatives Exchange, mustardseed for October contract shot up by Rs 35, or 1.09% to Rs 3,246 per quintal, showing an open interest of 15,560 lots.
Near September month gained by Rs 33, or 1.04% to Rs 3,215 per quintal, clocking an open interest of 66,080 lots.
Most active current August month contract followed suit, and rose by Rs 31, or 0.98%, to Rs 3,180 per quintal, mirroring an open interest of 66,460 lots.
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First Published: Aug 01 2013 | 2:02 PM IST