 "Coriander up on high demand, restricted stocks")
Coriander prices rose by Rs 86 to Rs 6,776 per quintal in futures trade today, as speculators created fresh positions driven by pick-up in spot demand.
The sentiment further improved as a result of limited stocks position on account of restricted arrivals from major growing areas.
At the National Commodity and Derivative Exchange, coriander for July delivery rose by Rs 86, or 1.29% to Rs 6,776 per quintal, with an open interest of 22,290 lots.
Market analysts said fresh buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.
The sentiment further improved as a result of limited stocks position on account of restricted arrivals from major growing areas.
At the National Commodity and Derivative Exchange, coriander for July delivery rose by Rs 86, or 1.29% to Rs 6,776 per quintal, with an open interest of 22,290 lots.
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Similarly, coriander for delivery in June rose by Rs 83, or 1.26%, to Rs 6,678 per quintal, with an open interest of 12,610 lots.
Market analysts said fresh buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.