Coriander prices saw an uptick on Friday, climbing by Rs 14 to Rs 7,436 per quintal in futures trade. The increase comes as speculators bolstered their holdings, driven by a robust trend in the spot market.

On the National Commodity and Derivatives Exchange (NCDEX), coriander contracts for June delivery recorded a rise of Rs 14, or 0.19%, reaching Rs 7,436 per quintal. The trading activity saw an open interest of 13,370 lots.

Market analysts attribute the price rise to a firm trend in the spot market coupled with restricted supplies from key producing regions. The heightened demand amidst limited supply has created upward pressure on coriander prices.

Spot Market Influence:
The spot market’s strong performance has significantly influenced futures trading. Limited availability of coriander from major producing regions has further amplified the price increase, reflecting the broader market dynamics.

Market Outlook:
The current trend suggests that coriander prices may continue to see positive movement if demand remains strong and supply constraints persist. Traders and investors are advised to monitor market conditions closely to capitalize on potential opportunities.

About Coriander:
Coriander is a widely used spice in culinary traditions across the world. India is one of the largest producers of coriander, with the spice being a staple in both domestic consumption and international exports.

Contact Information:
For further details and updates, market participants can contact the National Commodity and Derivatives Exchange (NCDEX) or consult local market analysts.