Business Standard

Coriander up on strong demand

Less arrivals from producing regions influenced the prices

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Press Trust of India New Dlehi

Coriander prices shot up by 2.85% to Rs 5,460 per quintal in futures trade today.

At the National Commodity and Derivative Exchange, the January contract shot up by Rs 141, or 2.85% to Rs 5,460 per quintal with an open interest of 21,060 lots.

Similarly, the April contract traded higher by Rs 149, or 2.47% to Rs 6,188 per quintal in 22,430 lots.

Market analysts said fresh buying by speculators following strong spot market demand against less arrivals from regions pushed up coriander prices.

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First Published: Dec 31 2012 | 2:44 PM IST

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