Mustardseed futures up 0.55% on spot demand

NEW DELHI: Mustardseed prices improved by Rs 20, or 0.55 per cent, to Rs 3,633 per quintal in future trading today following fresh positions created by speculators amidst rising demand in spot market.

At the National Commodity and derivatives Exchange, mustardseed for delivery in far-month September contracts rose Rs 20, or 0.55 per cent, to Rs 3,633 per quintal, in an open interest of 2,700 lots.

On the similar lines, mustardseed for delivery in current month contracts inched up by Rs 17, or 0.49 per cent, to Rs 3,485 per quintal, with an open interest of 7,810 lots.

Marketmen said the rise in mustardseed in futures trade was mostly supported by a firming trend at spot markets on increased demand against restricted supplies.