Coriander up 1.6% on spot demand

Spice for delivery in May traded higher by 1.62%

Coriander prices rose by 1.66% to Rs 9,305 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets.

At the National Commodity and Derivative Exchange, coriander for April delivery gained Rs 152, or 1.66%, to Rs 9,305 per quintal with an open interest of 42,980 lots.

Similarly, the spice for delivery in May traded higher by Rs 151, or 1.62%, to Rs 9,473 per quintal, with an open interest of 26,830 lots.

Market analysts said increased buying by speculators on pick-up in spot demand against restricted arrivals from producing belts mainly influenced coriander prices at futures trade.