Coriander prices advanced by 2.27 per cent to Rs 4,825 per quintal in futures market Wednesday as participants built up fresh positions amid rising spot demand.
Besides, tight stocks position on account of restricted arrivals from major growing belts gave push to rising coriander prices in futures trade.
At the National Commodity and Derivatives Exchange, coriander for this month's contract rose by Rs 107, or 2.27 per cent, to Rs 4,825 per quintal, with an open interest of 2,220 lots.
Similarly, the delivery in October was trading higher by Rs 95, or 1.84 per cent, to Rs 5,250 per quintal with an open interest of 29,650 lots.
Market analysts attributed the rise in coriander futures to the rise in demand at the physical market against tight stocks on fall in supplies from producing regions.
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