Coriander futures rise 2.25 pc as demand picks up

Coriander prices rebounded by 2.25 per cent to Rs 5,413 per quintal in futures trade today as participants built up fresh positions, driven by pick up in demand at the spot market.
At the National Commodity and Derivatives Exchange, coriander for delivery in June month rose by Rs 119, or 2.25 per cent to Rs 5,413 per quintal with an open interest of 56,000 lots.
Likewise, the spice for delivery in May month contracts was up by Rs 75, or 1.44 per cent to Rs 5,267 per quintal in 750 lots.
Marketmen attributed the recovery in coriander to fresh positions created by traders due to pick up in demand in the spot market.