Coriander futures rise over 3 pc on spot demand

Coriander prices on Monday rose 3.32 per cent to Rs 7,158 per quintal in futures market as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions strengthened the prices.

On the National Commodity and Derivatives Exchange, coriander for November contracts edged higher by Rs 230, or 3.32 per cent, to Rs 7,158 per quintal, with an open interest of 13,220 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

On similar lines, the spice for delivery in December contracts was trading higher by Rs 146, or 2.14 per cent, to Rs 6,970 per quintal, with an open interest of 9,430 lots.