 "Coriander up 1.2% on strong demand")
Coriander prices gained 1.23% to Rs 6,030 per quintal in futures trade today as speculators enlarged their positions, supported by pick-up in spot demand.
The sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for July gained Rs 73, or 1.23%, to Rs 6,030 per quintal, with an open interest of 710 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against less arrivals from producing belt mainly helped coriander prices to rise at futures trade.
The sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for July gained Rs 73, or 1.23%, to Rs 6,030 per quintal, with an open interest of 710 lots.
More From This Section
Similarly, coriander for delivery in August traded higher by Rs 65, or 1.08%, to Rs 6,075 per quintal, with an open interest of 26,470 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against less arrivals from producing belt mainly helped coriander prices to rise at futures trade.