Coriander futures surge 0.65 per cent on spot demand

Coriander prices went up by 0.65 per cent to Rs 11,843 per quintal in futures trade today as participants indulged in enlarging positions, driven by rising spot demand and export enquiries.
Further, limited stocks on account of restricted arrivals from the major growing belts too supported the upside in prices.
At the National Commodity and Derivative Exchange, coriander for August delivery rose by Rs 77, or 0.65 per cent, to Rs 11,843 per quintal with an open interest of 49,870 lots.
Similarly, the spice for delivery in July month traded higher by Rs 73, or 0.62 per cent, to Rs 11,703 per quintal, with an open interest of 4,170 lots.

Marketmen attributed persistent rise in coriander prices to pick up in demand at spot markets amid overseas enquiries.