Coriander rises by 2.61 pc on rising spot demand

Coriander prices were up by 2.61 per cent to Rs 7,193 per quintal in futures trade today as participants enlarged their positions, tracking a firming trend at spot market on the back of rising demand.
Moreover, restricted supplies from major growing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for April delivery rose Rs 183, or 2.61 per cent, to Rs 7,193 per quintal with an open interest of 31,220 lots.
On similar lines, the spice for delivery in May traded higher by Rs 174, or 2.44 per cent, to Rs 7,295 per quintal, with an open interest of 16,520 lots.

Marketmen attributed persistent rise in coriander to pick-up in domestic demand and export enquiries at spot market amid tight supplies from growing regions.