Coriander rises 1.39% on spot demand

Coriander prices were up by 1.39 per cent to close at Rs 4,954 per quintal in futures trade today as speculators built up fresh positions, tracking a firming trend at spot market.
Besides, limited stock positions following restricted arrivals from major growing regions also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in July month rose Rs 68, or 1.39 per cent, to close at Rs 4,954 per quintal, with an open interest of 42,580 lots.
On similar lines, the spice for August delivery traded higher by Rs 62, or 1.24 per cent, to finish at Rs 5,064 per quintal, with an open interest of 3,180 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.