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Coriander futures perk up on rising demand, tight supply

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Press Trust of India New Delhi
Last Updated : May 29 2015 | 11:42 AM IST
Coriander remained firm and prices were up 1.69 per cent at Rs 13,220 per quintal in futures trade today as speculators built up positions, taking positive cues from the spot market on rising demand.
Besides, tight supplies from producing regions supported the upside.
At the National Commodity and Derivative Exchange, coriander for delivery in June gained Rs 220, or 1.69 per cent, to Rs 13,220 per quintal with an open interest of 41,150 lots.
Likewise, the spice for delivery in July contracts traded higher by Rs 208, or 1.56 per cent, to Rs 13,549 per quintal in 21,880 lots.
Market analysts said besides rising demand in the spot market, tight supply on the back of decline in arrivals from producing belts kept coriander prices higher in futures trade.

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First Published: May 29 2015 | 11:42 AM IST

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