Coriander futures rise 2.56% on spot demand

Coriander prices were up by 2.56 per cent to Rs 8,760 per quintal in futures trade today as participants indulged in enlarging positions, driven by rising spot demand.
In addition, tight stocks following restricted arrivals from major growing belts too supported the upside in prices.
At the National Commodity and Derivatives Exchange, coriander for January-2016 delivery rose Rs 219, or 2.56 per cent to Rs 8,760 per quintal with an open interest of 16,350 lots.
Similarly, the spice for delivery in April-2016 traded higher by Rs 172, or 2.14 per cent, to Rs 8,211 per quintal, with an open interest of 3,010 lots.

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid export enquiries.