 "Coriander surges 3% on strong demand, tight supply")
Coriander prices spurted three per cent to Rs 10,166 per quintal in futures trade today as speculators created fresh positions on strong domestic demand in the spot market.
At the National Commodity and Derivative Exchange, coriander for delivery in June climbed by Rs 296, or three per cent, to Rs 10,166 per quintal with an open interest of 1,240 lots.
In a similar fashion, the spice for delivery in July shot up by Rs 226, or 2.19 per cent, to Rs 10,541 per quintal in 33,400 lots.
Analysts said fresh positions built up by speculators, driven by strong demand in the spot market against restricted supplies from producing region, influenced coriander prices at futures trade.
At the National Commodity and Derivative Exchange, coriander for delivery in June climbed by Rs 296, or three per cent, to Rs 10,166 per quintal with an open interest of 1,240 lots.
In a similar fashion, the spice for delivery in July shot up by Rs 226, or 2.19 per cent, to Rs 10,541 per quintal in 33,400 lots.
Analysts said fresh positions built up by speculators, driven by strong demand in the spot market against restricted supplies from producing region, influenced coriander prices at futures trade.