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Coriander futures rise 2.04 pc on spot demand

Press Trust of India  |  New Delhi 

Coriander prices were trading higher by 2.04 per cent to Rs 5,550 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.

Furthermore, limited stock positions following restricted arrivals from major growing regions also fuelled the uptrend.

In futures trading at the National Commodity and Derivatives Exchange, coriander for January delivery rose by Rs 111, or 2.04 per cent, to Rs 5,550 per quintal with an open interest of 27,400 lots.

On similar lines, the spice for delivery in current month traded higher by Rs 97, or 1.81 per cent, to Rs 5,428 per quintal, with an open interest of 18,600 lots.

Marketmen attributed the rise in coriander to pick-up in demand at spot market amid tight supplies from growing regions.

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

First Published: Mon, December 04 2017. 12:25 IST