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Coriander futures gain 1.35% on rising demand

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Press Trust of India New Delhi
Coriander prices gained 1.35 per cent to Rs 7,200 per quintal in futures market today as participants widened their positions, taking positive cues from spot market on rising demand.

At the National Commodity and Derivatives Exchange, coriander for delivery in May month shot up by Rs 96, or 1.35 per cent to Rs 7,200 per quintal with an open interest of 11,140 lots.

Likewise, the spice for delivery in June contracts moved up by Rs 76, or 1.06 per cent to Rs 7,240 per quintal in 19,670 lots.

The rise in coriander prices at futures trade was attribute to upsurge in demand in the spot market amid restricted supplies from major growing belts, marketmen said.

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First Published: May 12 2016 | 12:07 PM IST

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