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Coriander futures rise 0.71 pc on spot demand

Press Trust of India  |  New Delhi 

prices rose by 0.71 per cent to Rs 6,040 per quintal in futures market Monday as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from growing regions boosted futures.

At the National Commodity and Derivatives Exchange, for January edged higher by Rs 70, or 0.71 per cent, to Rs 6,040 per quintal with an open interest of 490 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 February was trading higher by Rs 26, or 0.39 per cent, to Rs 6,669 per quintal with an open interest of 27,830 lots.

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

First Published: Mon, January 14 2019. 13:50 IST