Coriander prices rose 1.41 per cent to Rs 5,520 per quintal in futures trade today as speculators enlarged their positions, driven by pick-up in demand in the spot market. At the National Commodity and Derivative Exchange, coriander for delivery in September month rose by Rs 77, or 1.41 per cent to Rs 5,520 per quintal with an open interest of 19380 lots. In a similar fashion, the spice for delivery in August contract moved up by Rs 64, or 1.19 per cent to Rs 5,440 per quintal in 7,940 lots.
Market analysts said increased buying by speculators supported by rising demand in the spot market against restricted rivals from producing belts mainly led to rise in coriander prices at futures market Turmeric prices moved up by Rs 60 to Rs 4,672 per quintal in futures trade today as speculators created fresh positions, driven by an improvement in demand in the spot market. At the National Commodity and Derivatives Exchange, turmeric for delivery in August month rose by Rs 60, or 1.30 per cent to Rs 4672 per quintal with an open interest of 7460 lots. Similarly, the spice for delivery in September contract edged up by Rs 58, or 1.24 per cent to Rs 4,726 per quintal in 21,295 lots.
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