Coriander futures rise on spot demand

Coriander prices on Tuesday rose by Rs 100 to Rs 6,470 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.

On the National Commodity and Derivatives Exchange, coriander for December delivery gained Rs 100, or 1.57 per cent, to Rs 6,470 per quintal with an open interest of 3,235 lots.

For January delivery, coriander traded higher by Rs 106, or 1.67 per cent, to Rs 6,468 per quintal with an open interest of 645 lots.

A firm trend in spot market and restricted supplies from producing regions pushed up coriander prices here, market analysts said.