Mustardseed prices were up by Rs 47 to Rs 4,757 per quintal in futures trading today after speculators enlarged their position amid a firm trend at the spot markets.
At the National Commodity and Derivative Exchange, mustardseed for delivery in July rose by Rs 47 or 1 per cent to Rs 4,757 per quintal, with an open interest of 89,450 lots.
Also, delivery in far-month August advanced by Rs 42 or 0.88 per cent to Rs 4,825 per quintal in an open interest of 25,960 lots.
Marketmen attributed the rise in mustardseed prices at futures trade to widening of positions, triggered by strong demand from oil mills at the spot market.
Besides, restricted arrivals from growing regions in spot markets also influenced trading sentiments, they said.
