Coriander rises 1.43 pc on spot demand, tight supplies

Coriander prices rose 1.43 per cent to Rs 5,404 per quintal in futures trade today as participants widened positions amid rising spot demand.

Furthermore, tight supplies from major producing belts fuelled the uptrend.

In futures trading at the National Commodity and Derivatives Exchange, coriander for January delivery rose by Rs 76, or 1.43 per cent, to Rs 5,404 per quintal, with an open interest of 42,500 lots.

The contract for current month was also trading higher by Rs 58, or 1.10 per cent, to Rs 5,311 per quintal with an open interest of 1,110 lots.

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