Strong spot demand lifts coriander futures by 3.37%

Supported by strong domestic demand and restricted supplies from producing belts, coriander prices climbed 3.37 per cent to Rs 10,436 per quintal in futures trade today as participants enlarged positions.
At the National Commodity and Derivative Exchange, coriander for delivery in August shot up by Rs 340, or 3.37 per cent, to Rs 10,436 per quintal with an open interest of 680 lots.
Similarly, the spice for delivery in September traded higher by Rs 345, or 3.34 per cent, to Rs 10,665 per quintal in 55,680 lots.
Market analysts said apart from firm trend at spot market on strong demand, restricted supplies from producing regions mainly pushed up coriander prices at futures trade.