Coriander up 1.9% on spot demand

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Coriander prices rose by 1.95% to Rs 6,939 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets.

At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 133, or 1.95%, to Rs 6,939 per quintal with an open interest of 17,100 lots.

Similarly, the spice for delivery in December traded higher by Rs 123, or 1.75%, to Rs 7,118 per quintal, with an open interest of 14,120 lots.

Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise at futures trade.

Source: Business Standard

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