Coriander up by 1%

Pick-up in spot market demand pushed up coriander prices

Coriander prices rose by Rs 53 to Rs 5,359 per quintal in futures trade today, as speculators created  positions, driven by pick-up in spot market demand.

The sentiment further improved as a result of restricted arrivals from growing areas.

At the National Commodity and Derivative Exchange, the January contract rose by Rs 53, or 1% to Rs 5,359 per quintal, with an open interest of 25,870 lots.

Similarly, the April contract rose by Rs 53, or 0.88%, to Rs 6,051 per quintal, with open interest of 17,330 lots.

Market analysts said fresh buying by speculators following pick-up in spot market demand against less arrivals, pushed up coriander prices.