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Coriander futures rise 1.43% on spot demand

Press Trust of India  |  New Delhi 

prices were trading higher by 1.43 per cent at Rs 5,080 per in futures trade today as participants built up positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from growing belts also weighed on futures.

At the National Commodity and Derivatives Exchange, for September delivery rose by Rs 72, or 1.43 per cent, to Rs 5,080 per with an open interest of 35,330 lots.

Similarly, the delivery for this month's contract was trading higher by Rs 67, or 1.35 per cent, to Rs 5,005 per with an open interest of 5,920 lots.

Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks on 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: Fri, August 10 2018. 12:30 IST