Coriander rises 2.47 pc on spot demand, tight supplies

Coriander prices rose 2.47 per cent to Rs 6,412 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 April rose Rs 155, or 2.47 per cent, to Rs 6,412 per quintal, with an open interest of 6,450 lots.
The contract for January delivery was trading higher by Rs 90, or 1.60 per cent, to Rs 5,716 per quintal with an open interest of 41,650 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.