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Coriander futures gain 0.48 pc on rising demand

Press Trust of India  |  New Delhi 

Coriander prices on Thursday rose 0.48 per cent to Rs 7,178 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 strengthened the prices.

On the National Commodity and Derivatives Exchange, coriander for November contracts edged higher by Rs 34, or 0.48 per cent, to Rs 7,178 per quintal with an open interest of 11,520 lots.

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

On similar lines, the spice for delivery in December contracts was trading higher by Rs 15, or 0.22 per cent, to Rs 6,890 per quintal with an open interest of 9,670 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 07 2019. 13:20 IST