NEW DELHI, July 9: Coriander prices were trading higher by 1.20 per cent at Rs 4,809 per quintal in futures trade today as participants built up positions amid rising spot demand.
Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander for this month’s delivery rose by Rs 57, or 1.20 per cent, to Rs 4,809 per quintal, with an open interest of 10,830 lots.
Similarly, the delivery for August contract was trading higher by Rs 42, or 0.87 per cent, to Rs 4,856 per quintal with an open interest of 26,900 lots.
Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks on fall in supplies from producing regions. (PTI)
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