Mustardseed prices strengthened by Rs 2.55, or 0.48 per cent, to Rs 538.40 per 20 kg in futures trade today, as traders enlarged their positions on better demand in physical markets.
Marketmen said, pick up in demand and fall in supply at spot markets, led to a rise here in futures prices of mustardseed.
Better offtake by mustard oil and other edible-oil making industries for the festival season mainly influenced the trading sentiment, they added.
At the National Commodity and Derivatives Exchange platform, mustardseed for current-month September contract rose Rs 2.55, or 0.48 per cent, to Rs 538.40 per 20 kg, with an open interest of 77,030 lots.
Near-month October contract also followed and gained Rs 2.60, or 0.48 per cent, to Rs 546.60 per 20 kg, with an open interest of 87,400 lots.