Coriander rises 1.13 pc on spot demand, tight supplies

Coriander prices were trading up by 1.13 per cent to close at Rs 5,082 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.
Further, tight supplies from major producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for November delivery rose by Rs 57, or 1.13 per cent, to close at Rs 5,082 per quintal, with an open interest of 18,110 lots.
On similar lines, the contract for October was trading higher by Rs 50, or 1.06 per cent, to finish at Rs 4,775 per quintal, with an open interest of 25,550 lots.

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