Coriander futures rise on spot demand

Coriander prices on Friday rose Rs 50 to Rs 5,750 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market.

On the National Commodity and Derivatives Exchange, coriander for January delivery went up Rs 50, or 0.88 per cent, to Rs 5,750 per quintal with an open interest of 105 lots.

For April delivery, price went up Rs 2, or 0.03 per cent, to Rs 6,050 per quintal with an open interest of 2,115 lots.

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