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Coriander futures rise 2.28% on spot demand

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Press Trust of India New Delhi
Last Updated : Jul 23 2018 | 11:45 AM IST

Coriander prices were trading higher by 2.28 per cent at Rs 4,926 per quintal in futures trade today 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 far-month September delivery rose by Rs 110, or 2.28 per cent, to Rs 4,926 per quintal with an open interest of 8,700 lots.

Similarly, the delivery for August contract was trading higher by Rs 100, or 2.09 per cent to Rs 4,870 per quintal with an open interest of 31,590 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.

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First Published: Jul 23 2018 | 11:45 AM IST

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