Coriander futures recover 2.90% on spot demand

Coriander rebounded by 2.90 per cent to Rs 7,905 per quintal in futures trading today as traders indulged in creating fresh positions, driven by upsurge in demand in the spot market.
At the National Commodity and Derivatives Exchange, coriander for delivery in far-month April rose Rs 223, or 2.90 per cent to Rs 7,905 per quintal with an open interest of 6,590 lots.
Similarly, the spice for delivery in January contracts traded higher by Rs 185, or 2.59 per cent to Rs 7,320 per quintal in 13,850 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.