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Rise in demand lifts coriander futures

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Press Trust of India New Delhi
Last Updated : Nov 19 2019 | 1:00 PM IST

Coriander prices on Tuesday rose 1.04 per cent to Rs 7,280 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 75, or 1.04 per cent, to Rs 7,280 per quintal with an open interest of 3,020 lots.

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

On similar lines, the spice for delivery in December contracts was trading higher by Rs 106, or 1.54 per cent, to Rs 6,970 per quintal with an open interest of 9,880 lots.

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First Published: Nov 19 2019 | 1:00 PM IST

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