Amid pick-up in domestic demand against restricted arrivals from producing regions, coriander continued its upward trend with prices rising by 1.48 per cent to Rs 4,525 per quintal in futures trading today as speculators widened their positions.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July rose by Rs 66, or 1.48 per cent, to Rs 4,525 per quintal, with an open interest of 34,270 lots.
Similarly, the spice for delivery in this month was trading higher by Rs 53, or 1.20 per cent, to Rs 4,460 per quintal in 440 lots.
Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks due to fall in supplies from producing regions.
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