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Coriander up 0.97% on spot demand, tight supplies

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Press Trust of India New Delhi
Coriander prices were up 0.97 per cent at Rs 7,661 per quintal in futures trade today as traders indulged in creating fresh positions, driven by firm demand in the spot market.

Restricted supplies from major producing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in October rose Rs 74 or 0.97 per cent to Rs 7,661 per quintal with an open interest of 13,880 lots.

Similarly, the spice for delivery in November contracts traded higher by Rs 71 or 0.93 per cent to Rs 7,600 per quintal in 1,220 lots.

Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight supplies from growing regions.
 

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First Published: Sep 27 2016 | 1:48 PM IST

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