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Coriander futures rise 2.16% on spot demand

Press Trust of India  |  New Delhi 

prices were trading higher by 2.16 per cent at Rs 4,435 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 futures.

At the National Commodity and Derivatives Exchange, for this month delivery rose by Rs 94, or 2.16 per cent, to Rs 4,435 per quintal, with an open interest of 350 lots.

On similar lines, the delivery for July contract was trading higher by Rs 58, or 1.30 per cent, to Rs 4,490 per with an open interest of 34,890 lots.

Market analysts attributed the rise in coriander futures to upsurge 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: Thu, June 14 2018. 12:55 IST