Coriander rises by 2.11 pc on spot demand, tight supplies

Coriander prices went up by 2.11 per cent to close at Rs 4,738 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.

Further, tight supplies from major producing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for September rose by Rs 98, or 2.11 per cent, to close at Rs 4,738 per quintal, with an open interest of 38,290 lots.

On similar lines, the current month contract of the spice was trading higher by Rs 47, or 1.03 per cent, to end at Rs 4,605 per quintal, with an open interest of 510 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position on fall in supplies from producing regions.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)