Mustardseed prices surged by Rs 84 to Rs 4,098 per quintal in future trading today on increased buying by speculators driven by a firm spot markets sentiment.
Marketmen said restricted supply against rising demand in markets, mainly influenced trading sentiments here in future price of mustardseed.
Better off-take by oil mills and vanaspati ghee units also helped to boosted the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, the July delivery edged up by Rs 84 or 2.09% to Rs 4,098 per quintal, clocking an open interest 19,310 lots.
The May contract hardened by Rs 81, or 2.06% to Rs 4,006 per quintal in an open interest of 162,500 lots, while current April contract added Rs 77, or 1.99% to Rs 3,944 per quintal in 98,270 lots.
