Coriander rises by 0.64% on restricted arrivals 13/10/2014

Coriander rises by 0.64% on restricted arrivals
13/10/2014 11:43
Coriander prices rose by 0.64 per cent on Monday 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 October 2014 contract was trading at Rs. 11,786 per quintal, up by 0.64 per cent after opening at Rs. 11,770 against the previous closing price of Rs. 11,711. It touched the intra-day high of Rs. 11,850 till the trading. (At 11.30 AM 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.