Coriander futures up on spot demand

Coriander futures prices rose by Rs 27 to Rs 5,680 per quintal today, as speculators enlarged their positions, driven by pick-up in demand in the spot market.

At the National Commodity and Derivatives Exchange, coriander for delivery in November was down by Rs 27, or 0.48%, to Rs 5,680 per quintal, with an open interest of 20,710 lots.

Similarly, the spice for delivery in October gained Rs 15, or 0.27%, to Rs 5,629 per quintal, with a business turnover of 10,680 lots.

Market analysts said increased buying by speculators, driven by pick-up in demand in the spot market mainly pushed up coriander futures prices.