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Coriander up 1.9% on spot demand

Spice for delivery in December gained 1.9%

Press Trust of India New Delhi
Coriander prices rose 1.94% to Rs 7,510 per quintal in futures market today as speculators enlarged positions, fuelled by a firm trend at spot market on strong demand against tight supplies.
 
At the National Commodity and Derivative Exchange, coriander for delivery in January rose by Rs 143, or 1.94%, to Rs 7,510 per quintal with an open interest of 7,020 lots.
 
Similarly, the spice for delivery in December gained Rs 136, or 1.90%, to Rs 7,308 per quintal in 25,770 lots.
 
Analysts said the rise in coriander prices at futures trade was mostly supported by positions created by speculators following strong demand in the spot market.
 

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First Published: Nov 25 2013 | 2:12 PM IST

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