Coriander futures rise 3 pc on improved demand

Coriander prices were trading up by 3 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 stocks position following restricted arrivals from major growing regions, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for the October rose by Rs 137, or 3 per cent, to close at Rs 4,725 per quintal, with an open interest of 28,850 lots.
On similar lines, the contract for November was trading at Rs 5,025, up by 2.61 per cent, or Rs 128 per quintal, the open interest of the contract stood at 16,250 lots.

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