Coriander futures rise 3.98 pc on high demand

Coriander prices were trading up by 3.98 per cent to close at Rs 5,125 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.
Further, limited stock positions following restricted arrivals from major growing regions also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for July rose by Rs 196, or 3.98 per cent, to close at Rs 5,125 per quintal with an open interest of 40,340 lots.
On similar lines, the spice for delivery in August traded higher by Rs 184, or 3.66 per cent, to end at Rs 5,207 per quintal, with an open interest of 4,800 lots.

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.