Coriander futures rise 2.41 pc on high demand

Coriander prices were trading up by 2.41 per cent to close at Rs 4,725 per quintal in futures trade today as participants indulged in enlarging positions, tracking a firming trend at spot market following improved domestic as well as export demand.
Further, limited stock positions following restricted arrivals from major growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for the current month rose by Rs 111, or 2.41 per cent, to close at Rs 4,725 per quintal with an open interest of 480 lots.
On similar lines, the spice for delivery in September was trading higher by Rs 110, or 2.32 per cent, to end at Rs 4,844 per quintal, with an open interest of 37,000 lots.

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.