Coriander rises 0.94% on spot demand, tight supplies

Coriander prices were up by 0.94 per cent to Rs 6,954 per quintal in futures trade today as traders indulged in creating fresh positions, driven by demand in the spot market.
Restricted supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in July rose Rs 65 or 0.94 per cent to Rs 6,954 per quintal with an open interest of 15,320 lots.
Similarly, the spice for delivery in June contracts traded higher by Rs 21 or 0.30 per cent to Rs 6,885 per quintal in 680 lots.
Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight supplies from growing regions.