Tight supply lifts coriander futures by 3.34%

Coriander prices were up 3.34 per cent to Rs 12,025 per quintal in futures trade today as participants indulged in enlarging positions, driven by tight supplies from growing regions amid rising spot demand.
At the National Commodity and Derivatives Exchange, coriander for October delivery rose Rs 389, or 3.34 per cent, to Rs 12,025 per quintal, with an open interest of 26,780 lots.
Similarly, the spice for November delivery traded higher by Rs 359, or 3.03 per cent, to Rs 12,200 per quintal, with an open interest of 36,560 lots.
Marketmen attributed persistent rise in coriander prices to fall in supplies against pick up in demand at spot market and overseas enquiries.