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Mustardseed futures surge up Rs 79/quintal

Press Trust of India  |  New Delhi 

Mustardseed prices shot up by Rs 79 to Rs 4,724 per quintal in futures trading today after participants widened their bets amid a firm trend at the spot markets.

Marketmen said raising of positions by participants amid a firm trend at the spot markets on firm demand against inadequate stocks, mainly led to the rise in mustardseed prices at futures trade here.

At the National Commodity and Derivative Exchange, mustardseed for delivery in December contract climbed Rs 79 or 1.70 per cent to Rs 4,724 per quintal, having an open interest of 37,880 lots.

On similar lines, delivery in January next year contracts surged by Rs 80 or 1.71 per cent to Rs 4,760 per quintal, clocking an open interest of 32,870 lots.

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

First Published: Mon, November 28 2016. 12:22 IST