Coriander futures up 0.95% on strong demand

NEW DELHI: Coriander prices today rose by 0.95 per cent to Rs 9,745 per quintal in futures trade, mostly supported by strong domestic demand against tight supplies from producing regions.

At the National Commodity and Derivative Exchange, coriander for delivery in June shot up by Rs 92, or 0.95 per cent, to Rs 9,745 per quintal with an open interest of 38,890 lots.

Likewise, the spice for delivery in May traded higher by Rs 73, or 0.78 per cent, to Rs 9,492 per quintal in 26,360 lots.

Analysts said fresh positions built up by speculators on the back of strong domestic demand against restricted arrivals mainly from producing belts pushed up coriander prices at futures trade.