 "Coriander up 1.6% on spot demand, tight supply")
Coriander prices rose 1.57 per cent to Rs 13,197 per quintal in futures trade today as participants enlarged positions, tracking a firm trend at spot market on surge in demand.
Besides, restricted supplies from producing belts fuelled the uptrend.
At the Multi Commodity Exchange, coriander for delivery in June traded higher by Rs 204, or 1.57 per cent, at Rs 13,197 per quintal with an open interest of 38,040 lots.
Analysts said rise in coriander prices was mostly attributed to pick-up in demand in the spot market against restricted arrivals from producing regions.
Besides, restricted supplies from producing belts fuelled the uptrend.
At the Multi Commodity Exchange, coriander for delivery in June traded higher by Rs 204, or 1.57 per cent, at Rs 13,197 per quintal with an open interest of 38,040 lots.
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In a similar fashion, the spice for delivery in July gained Rs 185, or 1.39 per cent, to Rs 13,520 per quintal in 22,890 lots.
Analysts said rise in coriander prices was mostly attributed to pick-up in demand in the spot market against restricted arrivals from producing regions.