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Coriander futures rise 0.36% on firm demand

Press Trust of India  |  New Delhi 

Coriander prices rose 0.36 per cent to Rs 7,731 per quintal in futures trade Wednesday as participants built up fresh positions on the back of rising demand at the spot market.

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

On the National Commodity and Derivatives Exchange, coriander for August contracts edged higher by Rs 28, or 0.36 per cent, to Rs 7,731 per quintal, with an open interest of 17,360 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 delivery for September contracts was trading higher by Rs 44, or 0.56 per cent, to Rs 7,850 per quintal with an open interest of 140 lots.

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

First Published: Wed, May 22 2019. 14:56 IST