Business Standard

Coriander futures rise 0.8% on spot demand

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Press Trust of India New Delhi

Coriander prices rose by 0.8 per cent to Rs 7,150 per quintal in futures market Thursday on rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions weighed on coriander futures.

On the National Commodity and Derivatives Exchange, coriander for July contracts edged higher by Rs 57, or 0.8 per cent, to Rs 7,150 per quintal with an open interest of 1,490 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 delivery for August contracts was trading higher by Rs 44, or 0.61 per cent, to Rs 7,220 per quintal with an open interest of 28,070 lots.

 

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First Published: Jul 11 2019 | 3:05 PM IST

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