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Coriander futures rise on firm demand

Press Trust of India  |  New Delhi 

Coriander prices shot up by 1.76 per cent to reach Rs 6,575 per in futures market Monday as participants built up positions amid rising spot demand.

Besides, tight stocks from restricted arrivals in growing belts also weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for January delivery rose by Rs 114, or 1.76 per cent, to Rs 6,575 per with an open interest of 7,900 lots.

Similarly, the delivery for far-month April 2019 was trading higher by Rs 177, or 2.61 per cent, to Rs 6,955 per with an open interest of 50 lots.

Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks 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: Mon, December 03 2018. 11:50 IST