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Coriander futures rise 0.77% on firm demand

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Press Trust of India New Delhi
Last Updated : Sep 21 2018 | 12:20 PM IST

Coriander prices were trading higher by 0.77 per cent at Rs 5,178 per quintal in futures market Friday as participants built up positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for October delivery rose by Rs 40, or 0.77 per cent, to Rs 5,178 per quintal with an open interest of 7,900 lots.

Similarly, the delivery for far-month November was trading higher by Rs 21, or 0.39 per cent, to Rs 5,315 per quintal with an open interest of 50 lots.

Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks on fall in supplies from producing regions.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 21 2018 | 12:20 PM IST

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