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Coriander up on rising demand

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices

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Press Trust of India New Delhi

Coriander futures prices rose by Rs 73 to Rs 4,266 per quintal today as speculators created fresh positions, driven by pick-up in spot demand.

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices.

At the National Commodity and Derivative Exchange, the October contract for coriander rose by Rs 73, or 1.74%, to Rs 4,266 per quintal, with an open interest of 2,170 lots.

The November contract moved up by Rs 66, or 1.52%, to Rs 4,416 per quintal, with an open interest of 25,180 lots.

Marketmen said fresh buying by speculators following pick up in demand in the spot market against less arrivals mainly pushed up coriander prices at futures trade.

 

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First Published: Oct 09 2012 | 2:26 PM IST

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