Coriander futures up 1.27 pc on spot demand, tight supplies

Press Trust of India  |  New Delhi 

prices climbed 1.27 per cent to Rs 4,690 per in futures trade today as participants enlarged their positions amid rising spot demand.

Further, tight supplies from producing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, for far-month August delivery rose by Rs 60, or 1.27 per cent, to Rs 4,690 per quintal, with an open interest of 8,270 lots.

On similar lines, the contract for this month was trading higher by Rs 56, or 1.22 per cent, to Rs 4,625 per quintal, with an open interest of 30,010 lots.

Market analysts attributed the rise in futures to upsurge in demand in the physical market against adequate 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 26 2018. 12:00 IST