Coriander rises 2.17% on increased buying

Coriander prices rose 2.17 per cent to Rs 5,746 per quintal in futures trade today as speculators enlarged their positions on the back of increased buying by retailers and stockists.

Further, fall in supplies from major producing belts too added support to coriander prices.

At the National Commodity and Derivatives Exchange, coriander for far-month May rose Rs 122, or 2.17 per cent, to Rs 5,746 per quintal, with an open interest of 1,500 lots.

The contract for April delivery was trading higher by Rs 107, or 1.92 per cent, to trade at Rs 5,678 per quintal with an open interest of 22,8730 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.