Coriander futures recover on spot demand

In restricted activity, coriander prices recovered by Rs 74 to Rs 5,469 per quintal in futures trade today as speculators created fresh positions, driven by pick-up in spot market demand. 

At the Multi Commodity Exchange, coriander for September delivery recovered by Rs 74, or 1.37%, to Rs 5,469 per quintal, with a business turnover of 11 lots.

The spice had lost Rs 156 to Rs 5,361 in the previous session. 

Market experts said fresh buying by speculators, supported by pick-up in spot market demand against less arrivals, mainly led to the recovery in coriander futures prices.