Less arrivals and an upsurge in physical demand enthused traders to widen their exposures, which ascertained gains of Rs 27 to Rs 4,401 per quintal in mustardseed at the future market today.
Marketmen said, pick-up in demand from oil mills, triggered by tight arrivals from growing regions in spot markets inspired traders to enlarge their positions, which led to uptick in mustardseed prices here in future trading.
At the National Commodity and Derivatives Exchange counter, mustardseed delivery for most-active January surged by Rs 27, or 0.62 per cent, to Rs 4,401 per quintal, having an open interest of 36,900 lots.
While, April delivery moved up by Rs 9, or 0.23 per cent, to Rs 3,957 per quintal, clocking an open interest of 8,600 lots.
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