Coriander prices bounced by Rs 77 to Rs 5,510 per quintal in futures trading today after speculators enlarged positions at prevailing levels amid a firm trend at the spot markets.
Market players said raising of bets by speculators, driven by robust demand in spot market amid thin arrivals from producing belts, mainly attributed the rise in coriander prices at futures trade.
India is the largest producer as well as consumer of coriander.
In futures trading at the National Commodity and Derivatives Exchange, coriander for delivery in June climbed Rs 77, or 1.42 per cent, to Rs 5,510 per quintal, with an open interest of 54,270 lots.
Likewise, coriander for delivery in current month surged by Rs 56, or 1.05 per cent, to Rs 5,390 per quintal, clocking an open interest of 620 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
