Business Standard

Coriander futures rise 1.66% on spot demand

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Press Trust of India New Delhi

Coriander prices rose 1.66 per cent to Rs 6,384 per quintal in futures market Friday as participants built up fresh positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for December edged higher by Rs 104, or 1.66 per cent, to Rs 6,384 per quintal, with an open interest of 23,840 lots.

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

On similar lines, the delivery for January next year was trading higher by Rs 70, or 1.11 per cent, to Rs 6,390 per quintal.

 

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First Published: Nov 30 2018 | 12:05 PM IST

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