Coriander rises 1.49 pc on spot demand

Coriander prices were trading up by 1.49 per cent to close at Rs 4,970 per quintal in futures trade today as participants indulged in enlarging 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 this month rose Rs 73, or 1.49 per cent, to close at Rs 4,970 per quintal, with an open interest of 12,270 lots.
On similar lines, the spice for August delivery traded higher by Rs 68, or 1.36 per cent, to end at Rs 5,055 per quintal, with an open interest of 36,600 lots.

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.