Coriander futures recover 1.47% on spot demand

Coriander prices rebounded by 1.47 per cent to Rs 5,050 per quintal in futures trade today as participants enlarged positions, tracking a firming trend at the spot market following improved domestic as well as export demand.
Besides, restricted supplies from major growing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in June rose Rs 73, or 1.47 per cent, to Rs 5,050 per quintal, with an open interest of 42,470 lots.
On similar lines, the spice for delivery in July traded higher by Rs 68, or 1.34 per cent, to Rs 5,140 per quintal, with an open interest of 16,870 lots.

Analysts said fresh positions built up by participants due to pick up in demand in the spot market mainly attributed the recovery in coriander prices at futures trade.