Coriander futures rise 1.72% on spot demand

NEW DELHI, June 18: Coriander prices rose by 1.72 per cent at Rs 4,538 per quintal in futures trade today as participants built up positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for July delivery rose by Rs 77, or 1.72 per cent, to Rs 4,538 per quintal, with an open interest of 33,670 lots.

Similarly, the delivery for this month contract was trading higher by Rs 42, or 0.95 per cent, to Rs 4,480 per quintal with an open interest of 160 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks on fall in supplies from producing regions. (PTI)

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