Coriander up on rising demand
Trading sentiment improved further as a result of the limited stocks on restricted arrivals from major growing areas
Coriander prices rose by Rs 47 to Rs 5,171 per quintal in futures trade today, as speculators created fresh positions, driven by pick-up in spot market demand.
Trading sentiment improved further as a result of the limited stocks on restricted arrivals from major growing areas.
At the National Commodity and Derivative Exchange, December coriander rose by Rs 47, or 92%, to Rs 5,171 per quintal, with an open interest of 6,250 lots.
The January delivery moved up by Rs 23, or 0.44%, to Rs 5,222 per quintal, in 29,620 lots.
Market analysts said fresh buying by speculators following pick-up in demand in the spot market against less arrivals, mainly pushed up coriander prices at futures trade.