Spot demand lifts coriander futures by 2.47%

Coriander prices climbed 2.47 per cent to close at Rs 8,130 per quintal in futures market today as traders built up fresh positions, driven by pick up in demand in the spot market.
Besides, tight stocks position on restricted supplies from producing belts supported the upside.
At the National Commodity and Derivatives Exchange, coriander for delivery in September month shot up by Rs 196, or 2.47 per cent to settle the day at Rs 8,130 per quintal with an open interest of 14,820 lots.
Likewise, the spice for delivery in October contracts ended higher by Rs 65, or 0.83 per cent to Rs 7,861 per quintal in 5,520 lots.

Analysts said fresh positions created by participants after pick up in demand in the spot market against tight supplies from growing regions, mainly led to rise in coriander prices at futures trade.