 "Coriander up 2.3% on good demand, tight stocks")
Coriander prices rose by 2.39% to Rs 7,528 per quintal in futures trade today after speculators enlarged their holdings on firming spot markets trend.
The trading sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for December delivery rose by Rs 176, or 2.39% to Rs 7,528 per quintal with open interest of 1,380 lots.
Marketmen said fresh positions created by speculators, driven by pick-up in demand in spot market against less arrivals mainly pushed up coriander futures prices.
The trading sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for December delivery rose by Rs 176, or 2.39% to Rs 7,528 per quintal with open interest of 1,380 lots.
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Similarly, the spice for delivery in January moved up by Rs 165, or 2.14%, to Rs 7,871 per quintal, with open interest of 31,430 lots.
Marketmen said fresh positions created by speculators, driven by pick-up in demand in spot market against less arrivals mainly pushed up coriander futures prices.