Coriander rises 0.93% on spot demand, tight supplies

NEW DELHI: Coriander prices rose by 0.93 per cent at Rs 8,203 per quintal in futures trade today as traders indulged in creating fresh positions, driven by demand in the spot market.

Restricted supplies from major producing belts also fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in October was up by Rs 76 or 0.93 per cent to Rs 8,203 per quintal with an open interest of 170 lots.

Similarly, the spice for delivery in September contracts traded higher by Rs 69 or 0.81 per cent to Rs 8,374 per quintal in 8,480 lots.

Analysts said fresh positions built up by participants due to pick up in demand in the spot market amid tight supplies from growing regions.