Coriander futures gain 2.42 pc on rising demand

NEW DELHI: Coriander futures prices today gained 2.42 per cent to Rs 5,215 per quintal on increased buying by speculators after pick-up in spot demand against restricted arrivals from producing belts.

At the National Commodity and Derivative Exchange, coriander for delivery in August shot up by Rs 123, or 2.42 per cent, to Rs 5,215 a quintal in open interest of 11,290 lots.

Similarly, the spice for delivery in September moved up by Rs 123, or 2.35 per cent, to Rs 5,347 per quintal in 25,890 lots.

Market analysts said increased buying by speculators, tracing a firming trend at spot market on pick-up in demand against restricted arrivals from producing belts mainly kept coriander futures prices firm.