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Mustard seed futures sees modest rise of Rs 6 after creating bets

Marketmen said the pause in arrivals and pick up in demand in spot markets encouraged traders to build up positions, consequently prices of mustard seed futures gone up.


PTI 03 Aug 2018, 07:54 AM India
  • Mustard seed prices saw a modest rise of Rs 6 to Rs 4,171 per quintal in futures trade today after creating bets by participants due to emerging physical markets. (Image Credit: Flickr)

Mustard seed prices saw a modest rise of Rs 6 to Rs 4,171 per quintal in futures trade today after creating bets by participants due to emerging physical markets.

Marketmen said the pause in arrivals and pick up in demand in spot markets encouraged traders to build up positions, consequently prices of mustard seed futures gone up.

At the National Commodity and Derivative Exchange Counter, mustard seed delivery for the most traded near September inched up by Rs 6 or 0.14 per cent to Rs 4,171 per quintal, with an open interest of 88,650 lots.

The delivery of the current August, too, edged up by Rs 5 or 0.12 per cent to Rs 4,126 per quintal, having a business turnover in 74,500 open lots.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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