Coriander rises 2.10% on spot demand, tight supplies

Coriander prices rose 2.10 per cent to Rs 5,824 per quintal in futures trade today as participants widened positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for April rose Rs 120, or 2.10 per cent, to Rs 5,824 per quintal, with an open interest of 23,960 lots.

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