Business Standard

Coriander up 1.2% on rising demand

Analysts said speculators enlarged positions on rising demand in the spot market against restricted supplies

Press Trust of India New Delhi
Supported by rising demand in the spot market and restricted supplies from producing regions, coriander prices rose 1.28% to Rs 9,469 per quintal in futures market today.

At the National Commodity and Derivative Exchange, coriander for delivery in May rose by Rs 120, or 1.28%, to Rs 9,469 per quintal with an open interest of 25,260 lots.

Similarly, the spice for delivery in April moved up by Rs 115, or 1.25%, to Rs 9,303 per quintal in 45,060 lots.

Analysts said speculators enlarged positions on rising demand in the spot market against restricted supplies from producing regions which influenced coriander prices at futures trade.

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First Published: Feb 24 2014 | 1:08 PM IST

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