Coriander zooms in futures trade on weak arrivals

Coriander futures traded Rs 162 higher at Rs 5,557 per quintal in futures trade today due to restricted arrivals from major producing areas along with strong stockists demand. 

At the Multi Commodity Exchange, coriander for September delivery rose by Rs 162, or 3%, to Rs 5,557 per quintal, with a business turnover of three lots. 

Market analysts said fall in supplies in the spot markets from producing regions due to heavy rains mainly supported the upside in coriander prices at futures trade today.