Coriander up on strong demand

Less arrivals from producing regions influenced the prices

Coriander prices shot up by 2.85% to Rs 5,460 per quintal in futures trade today.

At the National Commodity and Derivative Exchange, the January contract shot up by Rs 141, or 2.85% to Rs 5,460 per quintal with an open interest of 21,060 lots.

Similarly, the April contract traded higher by Rs 149, or 2.47% to Rs 6,188 per quintal in 22,430 lots.

Market analysts said fresh buying by speculators following strong spot market demand against less arrivals from regions pushed up coriander prices.