Coriander futures up 1.40 pc on firm spot demand
Coriander prices rose by Rs 59 to Rs 4,273 per quintal in futures trade today as traders created fresh positions due to rising spot market demand.
By PTI | Updated:
NEW DELHI: Coriander prices rose by Rs 59 to Rs 4,273 per quintal in futures trade today as traders created fresh positions due to rising spot market demand.
Tight stocks following restricted arrivals from producing regions also supported the upswing in prices.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 59, or 1.40 per cent, at Rs 4,273 per quintal, with an open interest of 18,630 lots.
The spice for delivery in May also rose by Rs 60, or 1.37 per cent, to Rs 4,450 per quintal, with a turnover of 10,370 lots.
Market experts said increased buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.
Tight stocks following restricted arrivals from producing regions also supported the upswing in prices.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 59, or 1.40 per cent, at Rs 4,273 per quintal, with an open interest of 18,630 lots.
The spice for delivery in May also rose by Rs 60, or 1.37 per cent, to Rs 4,450 per quintal, with a turnover of 10,370 lots.
Market experts said increased buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.
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