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Supported by strong demand in the spot market, coriander extended gains for the second straight day as speculators enlarged positions.
At the National Commodity and Derivative Exchange, coriander for delivery in January gained Rs 123, or 1.55% to Rs 8042 per quintal with an open interest of 2,290 lots.
Similarly, the spice for delivery in February traded higher by Rs 120, or 1.49% to Rs 8,193 per quintal in 30,730 lots.
Analysts said speculators enlarged positions supported by strong demand in the spot market against tight supplies due to restricted arrivals from producing regions, mainly supported the upside in coriander prices at futures trade.
