Uptick in demand lifts coriander futures by 1.67%

Amid pick up in domestic demand against restricted arrivals from producing regions, coriander prices were up by 1.67 per cent to Rs 6,775 per quintal in futures trading today as speculators created fresh positions.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April rose by Rs 111, or 1.67 per cent, to Rs 6,775 per quintal, with an open interest of 23,120 lots.
Similarly, the spice for delivery in May was trading higher by Rs 25, or 0.37 per cent, to Rs 6,781 per quintal in 3,000 lots.
Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against adequate stocks position on fall in supplies from producing regions.