Coriander futures gain 0.74 pc as demand picks up

Coriander prices went up by 0.74 per cent to Rs 5,012 per quintal in futures trade today as participants built up fresh positions, taking positive cues from spot market on pick-up in demand.
Further, tight stocks position on fall in arrivals from major producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in August moved up by Rs 37, or 0.74 per cent to Rs 5,012 per quintal with an open interest of 40,320 lots.
Likewise, the spice for delivery in September gained Rs 33, or 0.65 per cent to Rs 5,090 per quintal in 4,150 lots.

Market analysts attributed the rise in coriander futures to pick-up in demand in the physical market against adequate stocks position on fall in supplies from producing regions.