Coriander futures up on spot demand

Coriander prices rose by Rs 49 to Rs 5,150 per quintal in futures trade today as speculators created fresh positions, driven by a pick-up in spot market demand.

At the Multi Commodity Exchange, coriander for delivery in September rose by Rs 49, or 0.96%, to Rs 5,101 per quintal, with a business turnover of two lots.

Market experts said fresh buying by speculators on the back of a pick-up in demand in the spot market amid lower arrivals mainly pushed up coriander prices in futures trade.