Coriander hits upper circuit on strong demand

Coriander futures spurted by 4 per cent to hit the upper circuit to close at Rs 7,827 per quintal, supported by strong demand at the domestic spot market amid tight supplies from growing regions.
At the National Commodity and Derivatives Exchange, coriander for delivery in November spurted by Rs 301, or 4 per cent, to hit upper circuit at Rs 7,827 per quintal, with an open interest of 8,580 lots.
On similar lines, the price for delivery in December shot up by Rs 298 or 4 per cent, at Rs 7,756 per quintal in 4,220 lots.
Marketmen attributed the recovery in coriander prices to increased demand at the spot markets against tight supplies from major growing belts.