 "Coriander up 2.4% on spot demand")
Coriander prices rose by 2.43% to Rs 6,311 per quintal in futures trade today as speculators enlarged positions, supported by rising demand in spot markets against tight stocks position on restricted arrivals.
At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 150, or 2.43%, to Rs 6,311 per quintal, with an open interest of 15,840 lots.
Similarly, the spice for delivery in October traded higher by Rs 138, or 2.31%, to Rs 6,115 per quintal, with an open interest of 11,060 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against tight stocks on restricted arrivals from producing belts mainly influenced coriander prices to rise at futures trade.
At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 150, or 2.43%, to Rs 6,311 per quintal, with an open interest of 15,840 lots.
Similarly, the spice for delivery in October traded higher by Rs 138, or 2.31%, to Rs 6,115 per quintal, with an open interest of 11,060 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against tight stocks on restricted arrivals from producing belts mainly influenced coriander prices to rise at futures trade.
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