Coriander surges on firm demand

September contract rises 1.73%

Firm demand saw coriander prices rise for the third consecuitve day by adding Rs 82 to Rs 4,830 per quintal in the futures market today.

Restricted arrivals from producing regions in the spot market also supported the surge in prices.

At the National Commodity and Derivative Exchange, coriander for delivery in September added Rs 82, or 1.73%, to Rs 4,830 per quintal, with an open interest of 12,680 lots.

August coriander gained Rs 64, or 1.39%, to Rs 4,675 per quintal in 15,890 lots.

Market analysts said rising demand in the spot market following the festive season amid lower arrivals from producing belts helped coriander trade higher.