Business Standard

Coriander futures up on spot demand

Image

Press Trust of India New Delhi

Coriander futures prices rose by Rs 27 to Rs 5,680 per quintal today, as speculators enlarged their positions, driven by pick-up in demand in the spot market.

At the National Commodity and Derivatives Exchange, coriander for delivery in November was down by Rs 27, or 0.48%, to Rs 5,680 per quintal, with an open interest of 20,710 lots.

Similarly, the spice for delivery in October gained Rs 15, or 0.27%, to Rs 5,629 per quintal, with a business turnover of 10,680 lots.

Market analysts said increased buying by speculators, driven by pick-up in demand in the spot market mainly pushed up coriander futures prices.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 17 2011 | 2:06 PM IST

Explore News