Coriander moves up in futures trade on spot demand

Rising demand also influenced prices

Coriander prices gained Rs 44 to Rs 3,675 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market against limited arrivals.

At the National Commodity and Derivative Exchange, coriander for delivery in July moved up by Rs 44, or 1.21%, to Rs 3,675 per quintal, with an open interest of 13,020 lots.

The August contract traded higher by Rs 41, or 1.10%, to Rs 3,783 per quintal, with an open interest of 15,640 lots.

Marketmen said increased buying by speculators driven by pick-up in spot demand against limited arrivals mainly led to the rise in coriander prices at futures