Coriander rises 2.91% on spot demand, tight supplies

Coriander prices were up by 2.91 per cent to Rs 6,500 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.
At the National Commodity and Derivatives Exchange, coriander for April contract rose Rs 184 or 2.91 per cent to Rs 6,500 per quintal with an open interest of 12,610 lots.
On similar lines, the spice for delivery in May traded higher by Rs 146 or 2.26 per cent to Rs 6,596 per quintal with an open interest of 3,420 lots.
Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.