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Coriander rises by 1.93% on spot demand, tight supplies

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Press Trust of India New Delhi
Last Updated : Sep 20 2017 | 1:35 PM IST
Coriander prices rose 1.93 per cent to Rs 4,551 per quintal in futures trade today as participants widened positions amid rising spot demand.
Furthermore, tight supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for this month delivery rose by Rs 86, or 1.93 per cent, to Rs 4,551 per quintal, with an open interest of 280 lots.
The contract for October delivery was trading higher by Rs 57, or 1.18 per cent, to Rs 4,900 per quintal, with an open interest of 4,899 lots.
Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.

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First Published: Sep 20 2017 | 1:35 PM IST

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