Coriander futures up 1.57% on rising demand

Coriander prices were up by 1.57 per cent to Rs 7,785 per quintal in futures trade today as participants enlarged positions, tracking a firming trend at the spot market following improved domestic as well as export demand.
Besides, restricted supplies from major growing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in May rose Rs 120, or 1.57 per cent, to Rs 7,785 per quintal, with an open interest of 37,090 lots.
On similar lines, the spice for delivery this month traded higher by Rs 98, or 1.30 per cent, to Rs 7,635 per quintal, with an open interest of 20,580 lots.

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