New Delhi, May 16
Coriander prices recorded a mild increase in the futures trade on Friday as traders widened their positions in response to a robust trend in the spot market.
On the National Commodity and Derivatives Exchange (NCDEX), coriander contracts for June delivery rose by ₹10 or 0.14 percent, settling at ₹7,066 per quintal. The uptrend was supported by an open interest of 20,145 lots.
According to market analysts, the price rise was primarily driven by steady demand in physical markets coupled with tight supplies from major producing regions. The limited availability has encouraged speculators to increase their holdings, contributing to the price rally.
The ongoing firmness in the coriander market reflects the prevailing bullish sentiment, backed by strong fundamentals and constrained supply chains.