Robust demand lifts coriander futures 2 pc
Coriander prices were trading higher by 2 per cent to Rs 4,851 per quintal in futures market today as participants built up fresh positions amid pick-up in domestic as well as exports demand in the spot market.
Besides, tight stocks position on fall in supplies from major producing belts, fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for delivery in October rose Rs 95, or 2 per cent, to Rs 4,851 per quintal with an open interest of 35,540 lots.
On similar lines, the spice for delivery in September gained Rs 68, or 1.54 per cent, to Rs 4,490 per quintal in 370 lots.
Market analysts attributed the rise in coriander futures to fresh positions created by participants following upsurge in demand in the physical market against adequate stocks position on fall in supplies from producing regions.