Coriander prices advanced by 2.27 per cent to Rs 4,825 per quintal in futures market Wednesday as participants built up fresh positions amid rising spot demand.
Besides, tight stocks position on account of restricted arrivals from major growing belts gave push to rising coriander prices in futures trade.
At the National Commodity and Derivatives Exchange, coriander for this month's contract rose by Rs 107, or 2.27 per cent, to Rs 4,825 per quintal, with an open interest of 2,220 lots.
Similarly, the delivery in October was trading higher by Rs 95, or 1.84 per cent, to Rs 5,250 per quintal with an open interest of 29,650 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
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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