Coriander up 0.7% on upsurge in demand
Market analysts said speculators enlarged their positions, following a pick-up in spot demand
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Coriander prices rose by 0.79% to Rs 8,943 per quintal in futures trade today as speculators enlarged positions on rising demand in the spot market.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 70, or 0.79%, to Rs 8,943 per quintal with an open interest of 30,150 lots.
Similarly, the spice for delivery in May moved up by Rs 65, or 0.72%, to Rs 9,120 per quintal in 40,570 lots.
Market analysts said speculators enlarged their positions, following a pick-up in spot demand against restricted supplies from producing belts mainly led to rise in coriander prices at futures trade.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 70, or 0.79%, to Rs 8,943 per quintal with an open interest of 30,150 lots.
Similarly, the spice for delivery in May moved up by Rs 65, or 0.72%, to Rs 9,120 per quintal in 40,570 lots.
Market analysts said speculators enlarged their positions, following a pick-up in spot demand against restricted supplies from producing belts mainly led to rise in coriander prices at futures trade.
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First Published: Mar 25 2014 | 12:40 PM IST