Coriander rises by 0.9% on limited arrivals 16/07/2014


Coriander rises by 0.9% on limited arrivals
16/07/2014 15:27
Coriander prices rose by 0.9 cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for July 2014 contract was trading at Rs. 11,405 per quintal, up by 0.9 per cent after opening at Rs. 11,385 against the previous closing price of Rs. 11,303. It touched the intra-day high of Rs.11,444 till the trading. (At 3.15 PM today). Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.