Coriander Gains 1.18 Pct As Demand Rises

Coriander prices rose by 1.18 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 April 2016 contract was trading at Rs. 6,840 per quintal, up by 1.18 per cent after opening at Rs. 6,800 against the previous closing price of Rs. 6,760. It touched the intra-day high of Rs. 6,880 till the trading.

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.

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