Coriander rises 2.24 pc on spot demand, tight supplies

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Coriander prices were up 2.24 per cent at Rs 7,900 per quintal in futures trade today as participants 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 January rose Rs 173 or 2.24 per cent to Rs 7,900 per quintal with an open interest of 680 lots.

Similarly, the spice for delivery in December traded higher by Rs 144 or 1.86 per cent to Rs 7,880 per quintal in 7,160 lots.

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

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