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Coriander futures surge 2.43% on rising spot demand

Press Trust of India  |  New Delhi 

prices were trading up by 2.43 per cent to Rs 4,298 per in futures trade today as participants built up fresh positions amid rising demand at the spot market.

Further, limited arrivals from producing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, for this month delivery rose by Rs 102, or 2.43 per cent, to Rs 4,298 per quintal, with an open interest of 830 lots.

On similar lines, the July contract was trading higher by Rs 91, or 2.13 per cent, to Rs 4,360 per with an open interest of 35,770 lots.

Market analysts attributed to the rise in futures to the upsurge in demand in the physical market against low stocks position 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: Tue, June 12 2018. 12:35 IST