Coriander futures gain 1.93% on rising demand

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Coriander prices gained 1.93 per cent to Rs 7,865 per quintal in futures market today as participants widened their positions, taking positive cues from spot market on rising demand.

Besides, limited supply from major growing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in August month shot up by Rs 149, or 1.93 per cent to Rs 7,865 per quintal with an open interest of 18,460 lots.

Likewise, the spice for delivery in September contracts moved up by Rs 79, or 1.02 per cent to Rs 7,827 per quintal in 4,240 lots.

The rise in coriander prices at futures trade was attributed to rising demand a the spot market amid restricted supplies from major growing belts, marketmen said.

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