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Coriander futures rise 1.57 pc on spot demand

Press Trust of India  |  New Delhi 

Coriander prices rose by 1.57 per cent to Rs 7,450 per quintal in futures market Wednesday as participants built up fresh positions amid rising spot demand.

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

On the National Commodity and Derivatives Exchange, coriander contracts for June edged higher by Rs 115, or 1.57 per cent, to Rs 7,450 per quintal with an open interest of 28,260 lots.

Similarly, contracts for July delivery were trading higher by Rs 127, or 1.71 per cent, at Rs 7,560 per quintal with an open interest of 7,060 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand at the physical market against tight supply.

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

First Published: Wed, May 15 2019. 15:20 IST