Coriander futures rise on spot demand

Coriander prices rose 1.65 per cent to Rs 11,157 per quintal in futures trade today as participants indulged in enlarging positions, driven by rising spot demand.
Further, limited stocks on account of restricted arrivals from the major growing belts too supported the upside in prices.
At the National Commodity and Derivative Exchange, coriander for October delivery gained Rs 181 or 1.65 per cent to Rs 11,157 per quintal with an open interest of 23,810 lots.
Similarly, the spice for delivery in September traded higher by Rs 170, or 1.58 per cent, to Rs 10,940 per quintal, with an open interest of 46,010 lots.

Marketmen attributed persistent rise in coriander prices to pick up in demand at spot markets amid overseas enquiries.