Coriander up 0.61% on spot demand, tight supplies

NEW DELHI, Apr 25: Coriander prices were trading higher by 0.61 per cent at Rs 4,924 per quintal in futures trade today as participants built up positions amid rising spot demand.
Furthermore, tight supplies from major producing belts fuelled the uptrend.
At the National Commodity and Derivatives Exchange, coriander for May delivery rose by Rs 30, or 0.61 per cent, to Rs 4,924 per quintal, with an open interest of 25,530 lots.
On similar lines, the contract for June contracts was trading higher by Rs 26, or 0.52 per cent, to Rs 4,985 per quintal with an open interest of 5,970 lots.
Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against adequate stocks position on fall in supplies from producing regions. (PTI)