Business Standard

Coriander futures rise 1.27 pc on spot demand

Image

Press Trust of India New Delhi

Coriander prices were trading higher by 1.27 per cent at Rs 5,020 per quintal in futures trade today as participants built up fresh positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for September rose by Rs 63, or 1.27 per cent, to Rs 5,020 per quintal, with an open interest of 38,190 lots.

Similarly, the delivery for far-month October was trading higher by Rs 46, or 0.85 per cent, to Rs 5,398 per quintal with an open interest of 6,410 lots.

 

Market analysts attributed the rise in coriander futures to the rise in demand at the physical market against tight stocks on fall in supplies from producing regions.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 21 2018 | 1:15 PM IST

Explore News