Coriander futures rise 1.43% on spot demand

Coriander prices were trading higher by 1.43 per cent at Rs 5,080 per quintal in futures trade today as participants built up positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for September delivery rose by Rs 72, or 1.43 per cent, to Rs 5,080 per quintal with an open interest of 35,330 lots.

Similarly, the delivery for this month's contract was trading higher by Rs 67, or 1.35 per cent, to Rs 5,005 per quintal with an open interest of 5,920 lots.

Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks on fall in supplies from producing regions.