Mustardseed prices were higher by Rs 66 at Rs 4,530 per quintal in futures trading today after participants widened their positions, tracking a firm trend at the physical markets sentiment.
At the National Commodity and Derivative Exchange, mustardseed for delivery in June contracts was trading higher by Rs 66, or 1.48 per cent, at Rs 4,530 per quintal, having an open interest of 65,660 lots.
On similar lines, delivery in current month contracts was up by Rs 64, or 1.46 per cent, to Rs 4,457 per quintal, clocking an open interest of 26,080 lots.
Marketmen attributed the rise in mustardseed to a firm trend at the physical markets on the back of strong demand from vanaspati oil mills.
Besides, tight supplies from growing regions also influenced mustardseed futures here, they added.
