Coriander futures extend gains, up 2.90 pc on strong demand

Rising for the second straight day, coriander prices were up by another 2.90 per cent to Rs 7,777 per quintal in futures market today as traders engaged in enlarging their positions, driven by strong domestic as well as exports demand in the spot market.
At the National Commodity and Derivatives Exchange, coriander for delivery in July jumped up by Rs 219, or 2.90 per cent to Rs 7,777 per quintal with an open interest of 6,450 lots.
On similar lines, the spice for delivery in far-month August traded higher by Rs 69, or 0.91 per cent to Rs 7,691 per quintal in 17,460 lots.

Analysts said participants increasing their positions on the back of strong domestic as well as exports demand in the spot market against against adequate stocks position on restricted supplies belts kept coriander prices higher at futures trade.