 "Coriander up 2.5% on strong demand")
Coriander futures prices gained 2.51% to Rs 6,035 per quintal today as speculators enlarged their positions, supported by pick-up in spot demand.
The trading 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 148, or 2.51%, to Rs 6,035 per quintal, with an open interest of 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.
The trading 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 148, or 2.51%, to Rs 6,035 per quintal, with an open interest of 470 lots.
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Similarly, coriander for delivery in August traded higher by Rs 91, or 1.53%, to Rs 6,044 per quintal, with an open interest of 24,200 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.