Coriander gain by 1.7% on spot demand

Coriander prices rose by 1.74% to Rs 6,901 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets.

 

At the National Commodity and Derivative Exchange, coriander for December delivery gained Rs 118, or 1.74%, to Rs 6,901 per quintal with an open interest of 8,640 lots.

 

Similarly, the spice for delivery in November traded higher by Rs 111, or 1.68%, to Rs 6,711 per quintal, with an open interest of 18,400 lots.

 

Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise at futures trade.