Coriander up 1.98% on spot demand

Restricted arrivals from producing belts helps price rise

Coriander prices were up by 1.98% to Rs 5,038 per quintal in futures trade today following the rise in spot market demand against restricted arrivals from producing belts.

At the National Commodity and Derivative Exchange, coriander for delivery in October moved up by Rs 98, or 1.98%, to Rs 5,038 per quintal, with an open interest of 1,780 lots.

August coriander gained Rs 27, or 0.58%, to Rs 4,670 per quintal in 15,660 lots.

Market analysts said besides rising demand in the spot market, restricted arrivals from producing belts led to the rise in coriander futures.