Coriander futures rise 1.27 pc on spot demand

Press Trust of India  |  New Delhi 

prices were trading higher by 1.27 per cent at Rs 5,020 per in futures trade today as participants built up fresh positions amid rising spot demand.

Besides, tight stocks position on account of restricted arrivals from growing belts also weighed on futures.

At the National Commodity and Derivatives Exchange, for September rose by Rs 63, or 1.27 per cent, to Rs 5,020 per quintal, with an open interest of 38,190 lots.

Similarly, the delivery for far-month October was trading higher by Rs 46, or 0.85 per cent, to Rs 5,398 per with an open interest of 6,410 lots.

Market analysts attributed the rise in coriander futures to the rise in demand at 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: Tue, August 21 2018. 13:15 IST