Coriander rises 2.21 pc on spot demand, tight supplies

Coriander prices were trading up by 2.21 per cent to close at Rs 4,524 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 current month delivery rose by Rs 98, or 2.21 per cent, to close at Rs 4,524 per quintal, with an open interest of 2,580 lots.
On similar lines, the contract for October was trading higher by Rs 53, or 1.09 per cent, to finish at Rs 4,894 per quintal, with an open interest of 33,760 lots.

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