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Coriander rises 0.79% on spot demand, tight supplies

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Press Trust of India New Delhi
Last Updated : Sep 29 2016 | 12:13 PM IST
Coriander prices were up 0.79 per cent at Rs 7,624 per quintal in futures trade today as traders indulged in creating fresh positions, driven by firm demand in the spot market.
Restricted supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in October rose Rs 60, or 0.79 per cent, to Rs 7,624 per quintal, with an open interest of 12,190 lots.
Similarly, the spice for delivery in November traded higher by Rs 25, or 0.34 per cent, to Rs 7,456 per quintal in 2,970 lots.
Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight supplies from growing regions.

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First Published: Sep 29 2016 | 12:13 PM IST

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