Coriander rises 1.89 pc on spot demand, tight supplies

Coriander prices rose 1.89 per cent to close at Rs 5,076 per quintal in futures trade today as participants widened positions amid rising spot demand.

Furthermore, tight supplies from major producing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for December rose by Rs 94, or 1.89 per cent, to close at Rs 5,076 per quintal, with an open interest of 29,980 lots.

The contract for current month was trading higher by Rs 85, or 1.74 per cent, to end at Rs 4,971 per quintal with an open interest of 14,860 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 article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)