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Coriander prices rose by 2.71% to Rs 6,887 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets.
At the National Commodity and Derivative Exchange, coriander for November delivery gained Rs 182, or 2.71%, to Rs 6,887 per quintal with an open interest of 1,190 lots.
Similarly, the spice for delivery in December traded higher by Rs 137, or 1.96%, to Rs 7,135 per quintal, with an open interest of 24,870 lots.
Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade.
