Coriander futures rise 0.34 pc on firm demand

Coriander traded 0.34 per cent higher at Rs 7,110 per quintal in futures market Friday as participants built positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.

On the National Commodity and Derivatives Exchange, coriander contracts for July delivery rose by Rs 24, or 0.34 per cent, to Rs 7,110 per quintal with an open interest of 550 lots.

Coriander contracts for August also traded higher by Rs 36, or 0.50 per cent, at Rs 7,182 per quintal with an open interest of 27,600 lots.

Market analysts attributed the rise in coriander futures to higher demand in physical market against tight stocks on fall in supplies from producing regions.