Coriander futures gain 1.04% on tight supply
28/04/2015 11:48
Coriander prices were up by 1.04 per cent to Rs 10,218 per quintal in futures trade today after investor’s enlarged positions amid tight supplies on fall in arrivals from producing belts against pickup in demand in the spot market. At the NCDEX, coriander futures for May 2015 contract was trading at Rs. 10,218 per quintal, up by 1.04 per cent after opening at Rs. 10,118 against the previous closing price of Rs. 10,113. It touched the intra-day high of Rs. 10,280 till the trading. (At 11.43 AM today). Traders said fresh positions built up by speculators triggered by restricted arrivals from producing belts against pickup in demand in the spot market, mainly led to the rise in coriander prices at futures trade. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.
28/04/2015 11:48
Coriander prices were up by 1.04 per cent to Rs 10,218 per quintal in futures trade today after investor’s enlarged positions amid tight supplies on fall in arrivals from producing belts against pickup in demand in the spot market. At the NCDEX, coriander futures for May 2015 contract was trading at Rs. 10,218 per quintal, up by 1.04 per cent after opening at Rs. 10,118 against the previous closing price of Rs. 10,113. It touched the intra-day high of Rs. 10,280 till the trading. (At 11.43 AM today). Traders said fresh positions built up by speculators triggered by restricted arrivals from producing belts against pickup in demand in the spot market, mainly led to the rise in coriander prices at futures trade. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.
