Coriander futures surge 3% on uptick in spot demand

Coriander prices were up by 3 per cent to Rs 6,767 per quintal in futures trading today as participants enlarged positions, tracking a firm trend at spot market on pick up in demand.

At the National Commodity and Derivatives Exchange, coriander for delivery in April month shot up by Rs 197, or 3 per cent to Rs 6,767 per quintal with an open interest of 15,520 lots.

On similar lines, the spice for delivery in May contracts traded higher by Rs 198, or 3 per cent to Rs 6,802 per quintal in 8,140 lots.

Marketmen attributed sharp rise in coriander futures to pick up in demand at spot market against restricted supplies from producing regions.