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Coriander futures rise 1.13% on spot demand

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Press Trust of India New Delhi
Last Updated : Dec 21 2018 | 3:55 PM IST

Coriander prices rose by 1.13 per cent to Rs 6,377 per quintal in futures market Friday as participants built up fresh positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for January edged higher by Rs 71, or 1.13 per cent, to Rs 6,377 per quintal, with an open interest of 20,620 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

On similar lines, the delivery for February was trading higher by Rs 113, or 1.71 per cent, to Rs 6,079 per quintal, with an open interest of 12,310 lots.

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First Published: Dec 21 2018 | 3:55 PM IST

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