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Coriander rises 2.91% on spot demand

Press Trust of India  |  New Delhi 

Coriander prices were up by 2.91 per cent to Rs 4,919 per quintal in futures trade today as speculators built up fresh positions, tracking a firming trend at spot market following improved domestic as well as export demand.

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

At the National Commodity and Derivatives Exchange, coriander for delivery in current month rose Rs 139, or 2.91 per cent, to Rs 4,919 per quintal, with an open interest of 1,580 lots.

On similar lines, the spice for July delivery traded higher by Rs 135, or 2.77 per cent, to Rs 5,000 per quintal, with an open interest of 45,170 lots.

Market analysts attributed the rise in coriander futures to 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: Wed, June 14 2017. 11:48 IST