Coriander rises 1.41 pc on spot demand, tight supplies

Coriander prices rose 1.41 per cent to close at Rs 5,980 per quintal in futures trade today as participants widened positions amid rising spot demand.
Furthermore, tight supplies from major producing belts fuelled the uptrend.
In futures trading at the National Commodity and Derivatives Exchange, coriander for May rose by Rs 83, or 1.41 per cent, to close at Rs 5,980 per quintal, with an open interest of 330 lots.
The contract for April was trading higher by Rs 78, or 1.33 per cent, to end at Rs 5,925 per quintal with an open interest of 23,080 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.