Coriander rises 2.03% on spot demand, tight supplies

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Coriander prices were up 2.03 per cent at Rs 8,255 per quintal in futures trade today as traders indulged in creating fresh positions, driven by demand in the spot market.

Restricted supplies from major producing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in September rose Rs 164 or 2.03 per cent to Rs 8,255 per quintal with an open interest of 13,670 lots.

Similarly, the spice for delivery in October contracts traded higher by Rs 92 or 1.17 per cent to Rs 7,970 per quintal in 5,710 lots.

Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight upplies from growing regions.

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