New Delhi, May 14 — Coriander prices surged by Rs 128 to reach Rs 6,944 per quintal in futures trade on Wednesday, driven by increased speculative buying amid a strong trend in the spot market and constrained supplies from major producing regions.
On the National Commodity and Derivatives Exchange (NCDEX), coriander futures for June delivery recorded a sharp rise of 1.84 per cent, with the contract trading at Rs 6,944 per quintal across 19,470 lots.
According to market analysts, the price spike is largely attributed to a robust demand in the physical market and limited arrivals from key growing belts, which led traders and speculators to expand their positions in anticipation of further gains.
The upward momentum in coriander futures reflects the prevailing bullish sentiment supported by market fundamentals and trader activity.