Coriander up 1.46% on strong demand

Less arrivals influence prices

Coriander prices rose by Rs 66 to Rs 4,580 per quintal in futures trade today after speculators enlarged holdings in line with a firming trend in spot markets on strong demand against tight stocks.

At the National Commodity and Derivative Exchange, coriander for December rose by Rs 66, or 1.46%, to Rs 4,580 per quintal, with an open interest of 25,070 lots.

November coriander moved up by Rs 49, or 1.14%, to Rs 4,340 per quintal, with open interest of 9,340 lots.

Marketmen said fresh positions created by speculators, driven by a pick up in demand in the spot market against less arrivals pushed up coriander prices at futures trade.