Coriander rises 1.46 pc on uptick in demand

Coriander prices were trading up by 1.46 per cent to Rs 4,716 per quintal in futures trade today as participants indulged in enlarging positions, tracking uptick in demand in the spot market.
Further, tight supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery this month rose Rs 68, or 1.46 per cent, to Rs 4,716 per quintal, with an open interest of 8,630 lots.
On similar lines, the contract for July delivery was trading higher by Rs 40, or 0.84 per cent, to Rs 4,818 per quintal, with an open interest of 43,770 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.