Coriander futures prices rose by Rs 40 to Rs 3,844 per quintal as speculators enlarged their positions, driven by pick-up in spot demand against limited arrivals from producing belts.
At the National Commodity and Derivative Exchange, coriander for delivery in August rose by Rs 40, or 1.05%, to Rs 3,844 per quintal, with an open interest of 21,010 lots.
Likewise, the spice for delivery in July moved up by Rs 37, or 0.99%, to Rs 3,760 per quintal in 5,160 lots.
Market analysts said increased buying by speculators, driven by pick-up in spot demand against limited arrivals from producing belts, mainly led to rise in coriander prices at futures trading.
