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Coriander Spurts On Limited Supplies By Cultivators

Coriander Spurts On Limited Supplies By Cultivators

April 20, 2016 6:14 IST | capital market

Limited supplies has supported coriander futures in todays trading due to poor arrivals in local mandies coupled with limited stocks. As per market sources, the total daily arrivals of coriander have been remained thin despite of new market season. The daily arrivals have been reported at 8000 to 10000 bags against normal arrivals of 18000 to 20000 bags during this period. The most of the traders and stockiest have also reduced the daily supplies on the account of lower production in the previous year coupled with sharp decline in coriander prices in last three month. The NCDEX April futures swelled by 2.83 percent to close at Rs 7236 per quintal today.

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