Coriander rises 0.71% on spot demand, tight supplies

Coriander prices were up 0.71 per cent at Rs 7,640 per quintal in futures trade today as traders indulged in creating fresh positions, driven by demand in the spot market.
Restricted supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in October rose Rs 54 or 0.71 per cent to Rs 7,640 per quintal with an open interest of 2,860 lots.
Similarly, the spice for delivery in September contracts traded higher by Rs 35 or 0.45 per cent to Rs 7,760 per quintal in 17,000 lots.
Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight supplies from growing regions.