Coriander rises 3.30 pc on spot demand, tight supplies

Coriander prices rose 3.30 per cent to Rs 5,947 per quintal in futures trade today as participants widened positions amid rising spot demand.
Furthermore, tight supplies from major producing regions fuelled the uptrend.
In futures trading at the National Commodity and Derivatives Exchange, coriander for April contract rose Rs 190, or 3.30 per cent, to Rs 5,947 per quintal, with an open interest of 23,330 lots.
The contract for May delivery was trading higher by Rs 142, or 2.44 per cent, to Rs 5,950 per quintal with an open interest of 350 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.