Coriander futures remain up on spot demand, export enquiries

NEW DELHI: Continuing its yesterday's upward trend, coriander prices were up by Rs 70 to Rs 11,730 per quintal in futures trade today as participants indulged in enlarging positions, driven by rising spot demand and export enquiries.


Further, limited stocks on account of restricted arrivals from the major growing belts too supported the upside in prices.
At the National Commodity and Derivative Exchange, coriander for June delivery gained Rs 70, or 0.60 per cent, to Rs 11,730 per quintal with an open interest of 46,400 lots.
Similarly, the spice for delivery in current month (May) traded higher by Rs 36, or 0.32 per cent, to Rs 11,420 per quintal, with an open interest of 7,100 lots.


Marketmen attributed persistent rise in coriander prices to rising demand at spot markets amid overseas enquiries.

Besides, tight stock positions due to restricted arrivals from major growing regions, influenced coriander prices, they said.