Coriander futures rise on high demand, tight stocks

NEW DELHI: Coriander prices rose by Rs 114 to Rs 6,830 per quintal in futures trade today, as speculators created positions, driven by pick-up in spot market demand.

The sentiment further improved as a result of limited stocks position on account of restricted arrivals from major growing areas.

At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs 114, or 1.70 per cent to Rs 6,830 per quintal, with an open interest of 30,230 lots.

The spice of May delivery rose by Rs 89, or 1.30 per cent, to Rs 6,932 per quintal, with open interest of 12,310 lots.

Market analysts said fresh buying by speculators on pick- up in demand in the domestic market against less arrivals, mainly pushed up coriander prices at futures trade.