Supported by rising spot demand, coriander extended its upward journey and prices rose by another 0.73 per cent to Rs 7,128 per quintal in futures trade today as traders widened their positions.
Moreover, tight supplies from growing regions fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in May rose by Rs 52, or 0.73 per cent, to Rs 7,128 per quintal, with an open interest of 15,300 lots.
On similar lines, the spice for delivery in June moved up by Rs 48, or 0.67 per cent, to Rs 7,190 per quintal in 17,870 lots.
Marketmen attributed the persistent rise in coriander prices at futures trade to enlarging of positions by speculators, tracking improved demand at the spot markets against tight supplies from major growing belts.
