Coriander gains 2.42% on rising demand

Restricted arrivals influence prices

Coriander futures prices today gained 2.42% to Rs 5,215 per quintal on increased buying by speculators after a pick up in the spot demand against restricted arrivals from producing belts.

At the National Commodity and Derivative Exchange, coriander for delivery in August shot up by Rs 123, or 2.42%, to Rs 5,215 a quintal in open interest of 11,290 lots.

September coriander moved up by Rs 123, or 2.35%, to Rs 5,347 per quintal in 25,890 lots.

Market analysts said increased buying by speculators, tracing a firming trend at the spot market on pick up in demand against restricted arrivals from producing belts kept coriander futures prices firm.