Coriander gains by 1.8% on spot demand

Coriander prices rose by 1.83% to Rs 7,685 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 January delivery gained Rs 138, or 1.83%, to Rs 7,685 per quintal with an open interest of 8,410 lots.

 

Similarly, the spice for delivery in December traded higher by Rs 132, or 1.80%, to Rs 7,484 per quintal, with an open interest of 27,520 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 in futures trade.