Coriander rises 2.41 pc on uptick in demand

Coriander prices were trading up by 2.41 per cent to Rs 5,063 per quintal in futures trade today as participants enlarged holdings, tracking a firming trend at spot market due to rising domestic as well as export demand.
Besides, limited stocks position on fall in supplies from major producing regions also added support to coriander prices uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery this month rose Rs 119, or 2.41 per cent, to Rs 5,063 per quintal, with an open interest of 1,670 lots.
On similar lines, the contract for July was trading higher by Rs 91, or 1.80 per cent, to Rs 5,144 per quintal, with an open interest of 44,770 lots.

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