Coriander up by 1.4% on strong demand

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Coriander prices rose 1.41% to Rs 5,520 per quintal in futures trade today as speculators enlarged their positions, driven by pick-up in demand in the spot market.

At the National Commodity and Derivative Exchange, coriander for delivery in September month rose by Rs 77, or 1.41% to Rs 5,520 per quintal with an open interest of 19380 lots.
In a similar fashion, the spice for delivery in August contract moved up by Rs 64, or 1.19% to Rs 5,440 per quintal in 7,940 lots.
Market analysts said increased buying by speculators supported by rising demand in the spot market against restricted rivals from producing belts mainly led to rise in coriander prices at futures market.
Source: business-standard.com

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