Coriander up 1.4% on firm spot demand

Coriander prices rose by Rs 59 to Rs 4,273 per quintal in futures trade today as traders created fresh positions due to rising spot market demand.

Tight stocks following restricted arrivals from producing regions also supported the upswing in prices.

 At the National Commodity and Derivative Exchange, the April contract rose by Rs 59, or 1.40%, at Rs 4,273 per quintal, with an open interest of 18,630 lots.

 The May contract also rose by Rs 60, or 1.37%, to Rs 4,450 per quintal, with a turnover of 10,370 lots.

Market experts said increased buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices at futures trade.