Coriander futures up on rising demand

Dec 07 2012, 16:02 IST
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SummaryCoriander prices rose by Rs 47 to Rs 5,171 per quintal.

Coriander prices rose by Rs 47 to Rs 5,171 per quintal in futures trade today, as speculators created fresh positions, driven by pick-up in spot market demand.

Trading sentiment improved further as a result of the limited stocks on restricted arrivals from major growing areas.

At the National Commodity and Derivative Exchange, coriander for December rose by Rs 47, or 92 per cent, to Rs 5,171 per quintal, with an open interest of 6,250 lots.

Similarly, the spice for delivery in January moved up by Rs 23, or 0.44 per cent, to Rs 5,222 per quintal, in 29,620 lots.

Market analysts said fresh buying by speculators following pick-up in demand in the spot market against less arrivals, mainly pushed up coriander prices at futures trade.

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