Coriander futures traded up on NCDEX as traders created fresh positions, taking positive cues from spot market on pickup in demand. Besides, restricted arrivals from major growing regions and decline in acreage in the current rabi season also supported coriander prices’ uptrend. As per market survey, farmers in Rajasthan have shifted to other commodities such as chana and garlic from coriander. However, gains remained capped due to thin trading activities at spot market amid lack of availability of smaller denomination notes.
The contract for November delivery was trading at Rs 7800, up by 1.87% or Rs 143 from its previous closing of Rs 7657. The open interest of the contract stood at 3330 lots.
The contract for December delivery was trading at Rs 7701, up by 0.46% or Rs 35 from its previous closing of Rs 7666. The open interest of the contract stood at 7170 lots on NCDEX.