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Coriander futures rise 0.94 pc on spot demand

Press Trust of India  |  New Delhi 

Coriander prices rose 0.94 per cent to Rs 7,180 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 major growing regions boosted coriander futures.

On the National Commodity and Derivatives Exchange, coriander for July contracts edged higher by Rs 67, or 0.94 per cent, to Rs 7,180 per quintal with an open interest of 470 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 August contracts was trading higher by Rs 48, or 0.67 per cent, to Rs 7,235 per quintal with an open interest of 27,120 lots.

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

First Published: Mon, July 15 2019. 14:25 IST