Robust demand lifts coriander futures by 2.99%

Coriander prices surged by 2.99 per cent to Rs 5,278 per quintal in futures trade today as participants created fresh positions after upsurge in demand in the spot market.
Besides, tight stocks positions on fall arrivals from major growing regions supported the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in December month rose by Rs 153, or 2.99 per cent to Rs 5,278 per quintal with an open interest of 29,800 lots.
On similar lines, the spice for delivery in January next year traded higher by Rs 156, or 2.99 per cent, to Rs 5,367 per quintal in 15,930 lots.

Marketmen attributed the rise in coriander futures to fresh positions built up by traders after pick up in demand in the physical market against restricted supplies from producing belts.