Coriander up 2.4% on strong demand

Spice for delivery in December traded higher by 2.3%

Coriander prices rose 2.43% to Rs 8,335 per quintal in futures trading today on strong demand in the spot market against limited arrivals from producing belts.

At the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 198, or 2.43%, to Rs 8,335 per quintal with an open interest of 33,610 lots.

Similarly, the spice for delivery in December traded higher by Rs 181, or 2.32%, to Rs 7,976 per quintal in 870 lots.

Analysts said besides strong demand in the spot market, restricted arrivals from producing regions mainly pushed up coriander prices at futures trade.