Coriander futures up 4.97 pc on spot demand

Coriander prices rose by 4.97 per cent to Rs 11,274 per quintal in futures trade today as speculators enlarged positions supported by rising demand in the spot market amid overseas enquiries.
Besides, 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 May delivery gained Rs 534, or 4.97 per cent, to Rs 11,274 per quintal with an open interest of 8,880 lots.
Similarly, the spice for delivery in June traded higher by Rs 520, or 4.73 per cent, to Rs 11,520 per quintal, with an open interest of 46,180 lots.

Market analysts said increased buying by speculators on the back of pick up in spot market and overseas demand against restricted arrivals from producing belts, mainly influenced coriander prices to rise in futures trade.