Coriander rises 4 pc on spot demand, tight supplies

Coriander prices rose 3.98 per cent to close at Rs 4,987 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 delivery in September contract rose by Rs 191, or 3.98 per cent, to close at Rs 4,987 per quintal with an open interest of 26,400 lots.
On similar lines, the contract for October delivery was trading at Rs 5,179 per quintal, up by 3.95 per cent, or Rs 197, the open interest of the contract stood at 18,790 lots.

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