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Coriander hit upper limit after prices climbed 4% to Rs 8,063 per quintal in futures trade today as speculators enlarged positions, supported by rising demand in the spot market.
At the National Commodity and Derivative Exchange, coriander for delivery in January spurted by Rs 310, or 4%, to Rs 8,063 per quintal with an open interest of 17,590 lots.
Similarly, the spice for delivery in February jumped up by Rs 328, or 3.99% to Rs 8,545 per quintal in 17,810 lots.
Market analysts said speculators enlarged their positions, driven by rising demand in the spot market demand against tight supplies from producing belts, mainly helped coriander prices to hit upper circuit at futures trade.
