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Coriander rises 3% on spot demand, tight supplies

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Press Trust of India New Delhi
Coriander prices were up by 2.99 per cent to Rs 8,220 per quintal in futures trade today as participants enlarged their positions, tracking a firming trend at spot market following improved demand.

Besides, restricted supplies from major growing belts also fueled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in August contract rose Rs 239 or 2.99 per cent to Rs 8,220 per quintal with an open interest of 16,110 lots.

On similar lines, the spice for delivery in far-month September traded higher by Rs 220 or 2.76 per cent to Rs 8,188 per quintal, with an open interest of 8,320 lots.
 

Marketmen attributed persistent rise in coriander to pick-up in demand at spot market amid tight supplies from growing regions.

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First Published: Jul 28 2016 | 2:28 PM IST

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