Coriander up 2.38% on rising demand

Coriander prices were up by 2.38 per cent to Rs 7,859 per quintal in futures trade today as participants enlarged positions, tracking a firming trend at spot market following an improved domestic as well as export demand.

Moreover, restricted supplies from major growing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in far-month January 2017 rose Rs 183, or 2.38 per cent, to Rs 7,859 per quintal, with an open interest of 10,070 lots.

Also, the spice for delivery this month traded higher by Rs 167, or 2.22 per cent, to Rs 7,700 per quintal, with an open interest of 1,110 lots.
 

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.