 "Coriander up 3.7% on surge in demand")
Coriander prices surged by 3.73 per cent to Rs 9,270 per quintal in futures trading today as speculators enlarged their positions on upsurge in spot market demand.
At the National Commodity and Derivative Exchange, coriander for delivery in April jumped by Rs 333, or 3.73 per cent, to Rs 9,270 per quintal with an open interest of 19,570 lots.
The February contract shot up by Rs 276, or 3.40 per cent, to Rs 8,388 per quintal in 31,650 lots.
Analysts said speculators enlarged positions supported by upsurge in spot market demand amid restricted arrivals from producing regions, which pushed up coriander prices at futures trade.
At the National Commodity and Derivative Exchange, coriander for delivery in April jumped by Rs 333, or 3.73 per cent, to Rs 9,270 per quintal with an open interest of 19,570 lots.
The February contract shot up by Rs 276, or 3.40 per cent, to Rs 8,388 per quintal in 31,650 lots.
Analysts said speculators enlarged positions supported by upsurge in spot market demand amid restricted arrivals from producing regions, which pushed up coriander prices at futures trade.