Coriander futures rise 0.91% on spot demand

Coriander prices rose by 0.91 per cent to Rs 4,985 per quintal in futures market Thursday as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions weighed coriander futures.

At the National Commodity and Derivatives Exchange, coriander for October edged higher by Rs 45, or 0.91 per cent, to Rs 4,985 per quintal, with an open interest of 23,840 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

On similar lines, the delivery for November was trading higher by Rs 38, or 0.74 per cent, to Rs 5,145 per quintal with an open interest of 9,290 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)