Business Standard

Coriander up 2.3% on spot demand

Tight supplies fuel uptrend

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Press Trust of India New Delhi

Coriander prices traded higher by Rs 106 to Rs 4,659 per quintal in futures trade today as speculators enlarged positions, taking strong cues from spot market on pick up in demand.

At the National Commodity and Derivative Exchange, coriander for delivery in November traded higher by Rs 106, or 2.33%, to Rs 4,659 per quintal, with an open interest of 1,960 lots.

December coriander gained Rs 101, or 2.12%, to Rs 4,874 per quintal, with an open interest of 28,750 lots.

Marketmen said fresh positions created by speculators, taking strong cues from spot market on pick up in demand against tight supply, led to the surge in coriander futures.

 

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First Published: Nov 12 2012 | 2:05 PM IST

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