Limited Supplies Lift Coriander Futures


Coriander prices rose by 1.41 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited 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. 6,411 per quintal, up by 1.41 per cent after opening at Rs. 6,329 against the previous closing price of Rs. 6,322. It touched the intra-day high of Rs. 6,430 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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