Coriander rises as demand picks up 23/01/2015

Coriander rises as demand picks up
23/01/2015 11:29
Coriander prices rose by 4.16 per cent on Friday 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 April 2015 contract was trading at Rs. 8,035 per quintal, up by 4.16 per cent after opening at Rs. 7,908 against the previous closing price of Rs. 7,714. It touched the intra-day high of Rs. 8,176 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