Coriander up by 2.1% on spot demand

Spice for delivery in November traded higher by 1.8%

Coriander prices moved up by 2.14% to Rs 7,212 per quintal in futures trade today as speculators enlarged positions supported by good spot market demand against tight supplies from producing region.

At the National Commodity and Derivative Exchange, coriander for delivery in December moved up by Rs 151, or 2.14%, to Rs 7,212 per quintal with an open interest of 19,130 lots.

Similarly, the spice for delivery in November traded higher by Rs 128, or 1.87%, to Rs 6,979 per quintal in 10,540 lots.

Similarly, the spice for delivery in December traded higher by Rs 123, or 1.75%, to Rs 7,118 per quintal, with an open interest of 14,120 lots.
 
Analysts attributed the rise in coriander prices at futures trade to fresh positions built-up by speculators on the back of strong demand in spot markets.