Business Standard

Coriander futures rise 0.83 pc on spot demand

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Press Trust of India New Delhi

Coriander prices rose by 0.83 per cent to Rs 6,199 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 weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for December edged higher by Rs 51, or 0.83 per cent, to Rs 5,871 per quintal.

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

The delivery for January, too, was trading higher by Rs 35, or 0.57 per cent, to Rs 6,225 per quintal with an open interest of 9,290 lots.

 

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First Published: Nov 28 2018 | 12:10 PM IST

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