 "Coriander up 2.6% as demand picks up")
Supported by pick up in demand in the spot market against limited arrivals from producing regions, coriander prices rose by 2.60% to Rs 9,546 per quintal in futures trade today as speculators enlarged positions.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 242, or 2.60% to Rs 9,546 per quintal with an open interest of 43080 lots.
Similarly, the spice for delivery in May gained Rs 242, or 2.55% to Rs 9,724 per quintal in 28,760 lots.
Market analysts said speculators enlarged their positions on the back of pick-up in spot market demand against limited arrivals from producing belts mainly led an upswing in coriander prices at futures trade.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 242, or 2.60% to Rs 9,546 per quintal with an open interest of 43080 lots.
Similarly, the spice for delivery in May gained Rs 242, or 2.55% to Rs 9,724 per quintal in 28,760 lots.
Market analysts said speculators enlarged their positions on the back of pick-up in spot market demand against limited arrivals from producing belts mainly led an upswing in coriander prices at futures trade.