Coriander gains on strong buying activity 01/12/2014

Coriander gains on strong buying activity
01/12/2014 11:32
Coriander prices rose by 1.11 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 December 2014 contract was trading at Rs. 12,999 per quintal, up by 1.11 per cent after opening at Rs. 12,924 against the previous closing price of Rs. 12,856. It touched the intra-day high of Rs. 13,185 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.