Coriander rises by 1.50% on spot demand, tight supplies

Coriander prices rose 1.50 per cent to close at Rs 4,935 per quintal in futures trade today as participants widened positions amid rising spot demand.
Furthermore, tight supplies from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for November delivery rose by Rs 73, or 1.50 per cent, to close at Rs 4,935 per quintal, with an open interest of 27,500 lots.
The contract for current month was traded higher by Rs 47, or 1.07 per cent, to end at Rs 4,447 per quintal with an open interest of 4,490 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.