Coriander up on rising demand

Coriander futures prices today rose by Rs 126 to Rs 4,717 per quintal, as speculators created fresh positions driven by pick-up in spot demand.

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices.

At the National Commodity and Derivative Exchange, the November contract for coriander rose by Rs 126, or 2.74%, to Rs 4,717 per quintal, with an open interest of 27,950 lots.

The October contract moved up by Rs 103, or 2.35%, to Rs 4,480 per quintal, in 820 lots.

Market analysts said fresh buying by speculators following pick up in demand in the spot market against less arrivals, mainly pushed up coriander prices at futures trade.