Coriander rises 1.38% on spot demand, tight supplies

Coriander prices rose 1.38 per cent to Rs 5,500 per quintal in futures trade today as participants created fresh positions amid rising spot demand.
Furthermore, tight supplies from major producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for January contracts rose Rs 75, or 1.38 per cent, to Rs 5,500 per quintal, with an open interest of 2,390 lots.
The contract for April delivery was trading Rs 30, or 0.52 per cent, higher to Rs 5,800 per quintal with an open interest of 24,200 lots.
Market analysts attributed the rise in coriander futures to an upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.