Coriander prices spurted by 4 per cent to Rs 7,285 per quintal in futures trade today as speculators built up fresh positions, tracking rising demand in the spot market.
Further, limited arrivals from major producing belts also fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in December was up by Rs 280 or 4 per cent to close at Rs 7,285 per quintal with an open interest of 1,230 lots.
Similarly, the spice for delivery in November traded higher by Rs 271 or 3.87 per cent to Rs 7,269 per quintal in 12,180 lots.
Analysts said fresh positions built up by participants due to pick-up in demand in the spot market amid tight supplies from growing regions led to the rise in prices.
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