Coriander rises by 1.21 pc on rising demand

Coriander prices were up by 1.21 per cent to Rs 6,719 per quintal in futures trade today as participants enlarged their positions, tracking a firming trend at spot market on the back of rising demand.
Besides, restricted supplies from major growing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in April rose Rs 80, or 1.21 per cent, to Rs 6,719 per quintal with an open interest of 31,710 lots.
On similar lines, the spice for delivery in May month traded higher by Rs 67, or 0.99 per cent, to Rs 6,836 per quintal, with an open interest of 11,230 lots.

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