Mustardseed up on increased buying support

Mustardseed futures prices improved by Rs 19 to Rs 2,766 per quintal today, tracking firm spot market sentiments.

Market analysts said restricted supply against rising demand in physical markets for the festivals, mainly influenced trading sentiments here in mustardseed futures.

Better offtake by oil mills and vanaspati ghee making industries further boosted the trading sentiments, they said.

At the National Commodity and Derivatives Exchange, January mustardseed rose by Rs 19, or 0.69%, to Rs 2,766 per quintal, clocking an open interest of 61,700 lots.

The November contract too advanced by Rs 17, or 0.60%, to Rs 2,843 per quintal, having an open interest of 76,280 lots.