Business Standard

Coriander surges 3% on good spot demand

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Press Trust of India New Delhi

Coriander futures prices surged by Rs 158, or 3% to Rs 5,416 per quintal today as traders enlarged their positions, driven by a firming trend at spot market on good demand.

At the Multi Commodity Exchange, coriander for delivery in September surged Rs 158, or 3%, to Rs 5,416 per quintal, with a business turnover of just two lots.

Market analysts said increased buying by traders on the back of good demand in the spot market against restricted arrivals mainly pushed up coriander futures prices.

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First Published: Aug 11 2011 | 2:17 PM IST

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