Coriander futures jump 3.60% after spot demand firms up


NEW DELHI: Coriander prices went up 3.60 per cent to Rs 12,950 per quintal in futures trade today amid a surge in spot demand and restricted arrivals from producing belts.

At the National Commodity and Derivative Exchange, coriander for delivery in June rose Rs 450, or 3.60 per cent, to Rs 12,950 per quintal with an open interest of 42,370 lots.

Similarly, the spices for delivery in July contracts jumped Rs 449, or 3.50 per cent, to Rs 13,277 per quintal in 20,600 lots.

Market analysts said that besides rising demand in the spot market, a fall in arrivals from producing regions mainly pushed up coriander prices.

– India Times


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