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Coriander futures rise 1.21% on firm demand

Press Trust of India  |  New Delhi 

Coriander prices were trading up by 1.21 per cent at Rs 6,680 per in futures market Tuesday as participants increased positions amid rising spot demand.

Besides, tight supplies from producing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander delivery for January rose by Rs 80, or 1.21 per cent, to Rs 6,680 per with an open interest of 21,980 lots.

Similarly, the contract for far-month April 2019 was trading higher by Rs 68, or 0.99 per cent, to Rs 6955 per with an open interest of 5,680 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position amid fall in supplies from producing regions.

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

First Published: Tue, December 04 2018. 15:20 IST