Coriander Futures Rise to Rs 10,550 on NCDEX Amid Strong Spot Demand
New Delhi, February 17: Coriander prices moved higher in futures trading on Tuesday as increased speculative activity and firm trends in the physical market supported gains.Coriander April Contract Gains on NCDEX
On the National Commodity and Derivatives Exchange, coriander contracts for April delivery rose by Rs 14, or 0.13 percent, to Rs 10,550 per quintal. The contract had previously settled at Rs 10,536 per quintal.The upward movement was recorded across 15,480 lots, reflecting heightened participation in the April futures segment.
Spot Market Strength and Limited Supplies Support Prices
The rally in coriander futures was largely driven by a strong trend in the spot market. Tight arrivals from producing regions further supported prices, reinforcing bullish sentiment in the derivatives segment.Market participants attributed the price rise to limited supplies coupled with steady demand in physical markets, which translated into gains in futures trading.
The price movement underscores continued firmness in coriander trading as supply-side constraints influence market dynamics.
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