Coriander prices were trading higher by 2.62 per cent to Rs 5,042 per quintal in futures trade today as participants increased positions amid uptick in domestic as well as export demand at the spot market.
Further, tight supplies from major producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for August delivery rose by Rs 129, or 2.62 per cent, to Rs 5,042 per quintal, with an open interest of 26,040 lots.
Similarly, the contract for September was trading higher by Rs 97, or 1.93 per cent, to Rs 5,105 per quintal, with an open interest of 13,310 lots.
Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.
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