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Coriander futures rise on strong demand

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Press Trust of India New Delhi
Last Updated : Nov 15 2019 | 1:10 PM IST

Coriander prices on Friday rose Rs 26 to Rs 7,200 per quintal in futures market as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions strengthened the prices.

On the National Commodity and Derivatives Exchange, coriander for November contracts edged higher by Rs 26, or 0.36 per cent, to Rs 7,200 per quintal with an open interest of 5,380 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 spice for delivery in December contracts was trading higher by Rs 65, or 0.96 per cent, to Rs 6,843 per quintal with an open interest of 10,460 lots.

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First Published: Nov 15 2019 | 1:10 PM IST

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