Mustardseed future up on strong demand
Mustardseed prices surged by Rs 84 to Rs 4,098 per quintal in future trading today on increased buying by speculators driven by a firm spot markets sentiment.
By PTI | Updated:
NEW DELHI: Mustardseed prices surged by Rs 84 to Rs 4,098 per quintal in future trading today on increased buying by speculators driven by a firm spot markets sentiment.
Marketmen said restricted supply against rising demand in markets, mainly influenced trading sentiments here in future price of mustardseed.
Better off-take by oil mills and vanaspati ghee units also helped to boosted the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, mustardseed price for far July month delivery edged up by Rs 84 or 2.09 per cent to Rs 4,098 per quintal, clocking an open interest 19,310 lots.
Most active near May month contract hardened by Rs 81, or 2.06 per cent to Rs 4,006 per quintal in an open interest of 1,62,500 lots, while current April contract added Rs 77, or 1.99 per cent to Rs 3,944 per quintal in 98,270 lots.
Marketmen said restricted supply against rising demand in markets, mainly influenced trading sentiments here in future price of mustardseed.
Better off-take by oil mills and vanaspati ghee units also helped to boosted the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, mustardseed price for far July month delivery edged up by Rs 84 or 2.09 per cent to Rs 4,098 per quintal, clocking an open interest 19,310 lots.
Most active near May month contract hardened by Rs 81, or 2.06 per cent to Rs 4,006 per quintal in an open interest of 1,62,500 lots, while current April contract added Rs 77, or 1.99 per cent to Rs 3,944 per quintal in 98,270 lots.
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