Coriander rises 2.71% on high demand, restricted arrivals

NEW DELHI: Coriander prices rose by Rs 190 to Rs 7,243 per quintal in futures trade on Tuesday as speculators created fresh positions on the back of firming trend in domestic markets.

Sentiment improved further on restricted supplies from the major growing belts into the spot markets.

At the National Commodity and Derivative Exchange, coriander for delivery in May rose by Rs 190, or 2.71 per cent, at Rs 7,243 per quintal, with an open interest of 26,690 lots.

The spice for delivery in April also went up by Rs 170, or 2.46 per cent, to Rs 7,070 per quintal with open interest of 15,500 lots.

Market experts said increased buying by speculators on pick-up in spot market demand against less arrivals mainly pushed up coriander prices.