 "Coriander up 2.9% on spot demand")
Coriander prices rose by 2.99% to Rs 6,814 per quintal in futures trade today as speculators enlarged their positions, supported by rising demand in the spot markets against restricted arrivals.
At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 198, or 2.99%, to Rs 6,814 per quintal with an open interest of 20,420 lots.
Similarly, the spice for delivery in October traded higher by Rs 192, or 2.99%, to Rs 6,612 per quintal, with an open interest of 7,000 lots.
Market analysts said increased buying by speculators on pick up in spot market demand against tight stocks on restricted arrivals from producing belts mainly influenced coriander prices to rise at futures trade.