Mustardseed prices rose by Rs 1.95 or 0.38 per cent to Rs 517.10 per 20 kg in futures trade today on increased buying by traders, and firming physical market cues.
Marketmen said fresh buying by oil mills against less supplies from the manufacturing areas, led to a rise in mustardseed futures prices.
Better demand from vanaspati units also gave a push to the prices of mustardseed, they added.
At the National Commodity and Derivatives Exchange platform, mustardseed prices for June-month contract went up by Rs 1.95, or 0.38 per cent to Rs 517.10 per 20 kg, with an open interest of 43,090 lots.
Near July-month contract also added Rs 1.60, or 0.31 per cent to Rs 523.95 per 20 kg, with an open interest of 1,08,260 lots.