Coriander futures up 1.86% on rising spot demand

NEW DELHI, May 30:  Coriander prices rose by 1.86 per cent to Rs 6,888 per quintal in futures trading today as speculators created fresh positions, tracking a firm trend at spot market on pick-up in demand.
At the National Commodity and Derivative Exchange, coriander for delivery in July rose by Rs 126, or 1.86 per cent, to Rs 6,888 per quintal, with an open interest of 18,520 lots.
Likewise, the spice for delivery for June gained Rs 123, or 1.84 per cent, to Rs 6,792 per quintal with open interest of 17,700 lots.
Market experts said speculators created fresh position, tracking a firm trend at spot market on pick up in demand against restricted arrivals, mainly pushed up coriander prices at futures trade. (PTI)