Coriander up 0.3% as demand picks up

Restricted arrivals from producing regions supported the rise in commodity prices

Coriander prices rose by 0.36% to Rs 7,595 per quintal in futures trade today as speculators created positions supported by pick up in demand in the spot markets.

Besides, restricted arrivals from producing regions supported the rise in coriander prices.

At the National Commodity and Derivative Exchange, coriander for delivery in December rose by Rs 27, or 0.36% to Rs 7,595 per quintal with an open interest of 17,950 lots.

Similarly, the spice for delivery in January gained Rs 25, or 0.32% to Rs 7,845 per quintal in 18,660 lots.

Market analysts said speculators created fresh positions after picked up in spot market demand mainly led to rise in coriander prices at futures trade.