Coriander futures gains 1.12% on strong demand
Coriander prices gained 1.12 per cent to Rs 6,692 per quintal in futures trade today as speculators enlarged their positions.
By PTI |
NEW DELHI: Coriander prices gained 1.12 per cent to Rs 6,692 per quintal in futures trade today as speculators enlarged their positions, supported by pick-up in spot demand.
The sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for August gained Rs 74, or 1.12 per cent, to Rs 6,692 per quintal, with an open interest of 15,930 lots.
Similarly, the spice for delivery in July traded higher by Rs 72, or 1.10 per cent, to Rs 6,609 per quintal, with an open interest of 17,760 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against less arrivals from producing belt mainly helped coriander prices to rise at futures trade.
The sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts.
At the National Commodity and Derivative Exchange, coriander for August gained Rs 74, or 1.12 per cent, to Rs 6,692 per quintal, with an open interest of 15,930 lots.
Similarly, the spice for delivery in July traded higher by Rs 72, or 1.10 per cent, to Rs 6,609 per quintal, with an open interest of 17,760 lots.
Market analysts said increased buying by speculators, driven by pick up in spot market demand against less arrivals from producing belt mainly helped coriander prices to rise at futures trade.
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