Coriander futures up 1.14% on good demand, tight stocks

Dec 04 2012, 14:03 IST
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SummaryCoriander prices rose by Rs 58 to Rs 5,127 per quintal in futures trade.

Coriander prices rose by Rs 58 to Rs 5,127 per quintal in futures trade today after speculators enlarged their holdings on firming spot markets trend.

Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts.

At the National Commodity and Derivative Exchange, coriander for December rose by Rs 58, or 1.14 per cent, to Rs 5,127 per quintal, with an open interest of 12,890 lots.

Similarly, the spice for delivery in January moved up by Rs 53, or 1.02 per cent, to Rs 5,224 per quintal, with open interest of 24,740 lots.

Marketmen said fresh positions created by speculators, driven by a pick-up in demand in the spot market against less arrivals, mainly pushed up coriander prices at futures trade.

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