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Coriander futures up on rising demand

Coriander futures prices rose by Rs 88 to Rs 4,226 per quintal.

Written by Agencies | Published: September 25, 2012 4:17:55 pm

Coriander futures prices rose by Rs 88 to Rs 4,226 per quintal today as speculators created fresh positions,driven by pick-up in spot demand.

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices.

At the National Commodity and Derivative Exchange,coriander for November rose by Rs 88,or 2.13 per cent,to Rs 4,226 per quintal,with an open interest of 8,010 lots. Similarly,the spice for delivery in October moved up by Rs 77,or 1.93 per cent,to Rs 4,060 per quintal,with an open interest of 22,850 lots.

Marketmen said fresh buying by speculators following pick up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.

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