Coriander futures gain 1.93% on rising demand

Image
Press Trust of India New Delhi
Last Updated : Jul 26 2016 | 6:22 PM IST
Coriander prices gained 1.93 per cent to Rs 7,865 per quintal in futures market today as participants widened their positions, taking positive cues from spot market on rising demand.
Besides, limited supply from major growing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in August month shot up by Rs 149, or 1.93 per cent to Rs 7,865 per quintal with an open interest of 18,460 lots.
Likewise, the spice for delivery in September contracts moved up by Rs 79, or 1.02 per cent to Rs 7,827 per quintal in 4,240 lots.
The rise in coriander prices at futures trade was attributed to rising demand a the spot market amid restricted supplies from major growing belts, marketmen said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2016 | 6:22 PM IST

Next Story