#Business

Coriander Futures Surge on Strong Demand, Limited Supply

Coriander prices saw an upward trend in futures trading on Wednesday, rising by ₹92 to ₹7,924 per quintal, as speculators increased their holdings amid strong demand and limited supply.

On the National Commodity and Derivatives Exchange (NCDEX), coriander contracts for April delivery climbed by 1.16%, reaching ₹7,924 per quintal in 20,765 lots.

Market analysts attributed the price surge to a firm trend in the spot market, driven by restricted supplies from key producing regions. The combination of strong buying interest and lower arrivals has contributed to the bullish movement in coriander futures.

Traders expect coriander prices to remain steady in the near term, influenced by demand from both domestic and export markets, as well as supply conditions in major growing regions.

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