Coriander prices rose sharply by 1.97 per cent to Rs 6,667 per quintal in futures trade Monday as speculators raised bets on the back of rising demand at the spot market.
Besides, tight stocks on account of restricted arrivals from major growing belts weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander for January was trading higher by Rs 129, or 1.97 per cent, to Rs 6,667 per quintal, with an open interest of 22,070 lots.
Similarly, the delivery for far-month April, too, maintained the upward streak advancing by Rs 126, or 1.25 per cent, to Rs 6,866 per quintal with an open interest of 7,340 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.
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