Mustardseed futures up by Rs 35 per quintal positive spot cues

NEW DELHI: Taking positive cues from spot markets on rising demand, mustardseed prices were up by Rs 35 to Rs 4,110 per quintal in futures trading today, as participants enlarged their exposures.

At the National Commodity and Derivatives Exchange platform, mustardseed for delivery in current month, June contracts was trading higher by Rs 35, or 0.86 per cent to Rs 4,110 per quintal, in an open interest of 29,410 lots.

In similar lines, most-active delivery in July contracts surged by Rs 30, or 0.73 per cent to Rs 4,150 per quintal, with an open interest of 76,800 lots.

Marketmen said increased positions built up by participants, tracking a firm trend at physical marketes, mainly lifted mustardseed prices at futures trade.