Coriander futures gains 1.13% on spot demand

Coriander prices rose by 1.13 per cent to Rs 8,173 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks on account of restricted arrivals from the major growing belts.
Sentiment improved further as the investors enlarged theirAt the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 91, or 1.13 per cent, to Rs 8,173 per quintal with an open interest of 27,900 lots.
Similarly, the spice for delivery in April traded higher by Rs 37, or 0.42 per cent, to Rs 8,920 per quintal, with an open interest of 27,060 lots.

Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade.