Coriander rises by 4% on spot demand, tight supplies

Coriander prices were up by 4 per cent to close at Rs 5,087 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.
Further, tight supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for August delivery rose by Rs 195, or 4 per cent, to close at Rs 5,087 per quintal, with an open interest of 42,910 lots.
On similar lines, the contract for this month delivery was trading higher by Rs 175, or 3.64 per cent, to finish at Rs 4,987 per quintal, with an open interest of 1,550 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.