Coriander futures remain up on strong demand

Rising for the second day, coriander prices were up by another 2.47 per cent to Rs 6,972 per quintal in futures trade today as participants in building up positions, driven by strong demand in the spot market.
Besides, tight stocks position on fall in supplies from producing regions supported the upside.
At the National Commodity and Derivatives Exchange, coriander for delivery in May month rose by Rs 168, or 2.47 per cent to Rs 6,972 per quintal with an open interest of 4,320 lots.
Likewise, the spice for delivery in April contracts gained Rs 142, or 2.11 per cent to Rs 6,880 per quintal in 14,540 lots.

Analysts attributed rise in coriander futures to strong demand in the spot market amid restricted supplies from growing regions.