Coriander rises 1.63% on spot demand, tight supplies

Coriander prices were up by 1.63 per cent to Rs 5,237 per quintal in futures trade today as participants indulged in enlarging positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for June contract rose Rs 84, or 1.63 per cent to Rs 5,237 per quintal with an open interest of 38,770 lots.

On similar lines, the spice for delivery in July traded higher by Rs 74, or 1.40 per cent, to Rs 5,325 per quintal, with an open interest of 19,050 lots.

Marketmen attributed persistent rise in coriander to pick up in demand at spot market amid tight supplies from growing regions.

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