Coriander rises 2.23 pc on spot demand

Coriander prices went up by 2.23 per cent to close at Rs 4,895 per quintal in futures trade today as speculators built up fresh positions, tracking a firming trend at spot market following improved domestic as well as export demand.
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 current month rose Rs 107, or 2.23 per cent, to close at Rs 4,895 per quintal, with an open interest of 15,110 lots.
On similar lines, the spice for August delivery traded higher by Rs 96, or 1.97 per cent, to end at Rs 4,970 per quintal, with an open interest of 34,060 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.