Coriander prices rose by 1.11 per cent to Rs 4,938 per quintal in futures trade today as participants built up their positions, taking positive cues from spot market on pick up in demand.
Moreover, tight stocks on account of restricted arrivals from major growing belts supported the upmove.
At the National Commodity and Derivatives Exchange, coriander for delivery in September rose by Rs 54, or 1.11 per cent, to Rs 4,938 per quintal with an open interest of 38,900 lots.
Similarly, the spice for delivery in October was trading higher by Rs 54, or 1.03 per cent, to Rs 5,318 per quintal in 6,110 lots.
Market analysts attributed the rise in coriander futures to fresh positions created by traders due to upsurge in demand in the physical market against tight stocks on fall in supplies from producing regions.
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