Coriander up 1% on spot demand

Thin supplies following less arrivals influence prices

Coriander prices rose by Rs 61 to Rs 4,759 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 61, or 1.30%, to Rs 4,759 per quintal, with an open interest of 11,070 lots.

November coriander moved up by Rs 57, or 1.26%, to Rs 4,595 per quintal, with open interest of 25,320 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.