Restricted stocks lift Coriander futures 17/04/2015

Restricted stocks lift Coriander futures
17/04/2015 12:16
Coriander prices rose by 3.38 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. 9,647 per quintal, up by 3.38 per cent after opening at Rs. 9,499 against the previous closing price of Rs. 8,332. It touched the intra-day high of Rs. 9,647 till the trading. (At 11.59 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.