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Coriander prices rebounded from last week’s bearish trend with the December futures topping Rs 4,850 a quintal.
Fresh positions by speculators, a pick-up in spot demand, and restricted arrivals from the main growing State, Rajasthan, are seen as reasons for the uptrend in coriander prices.
On the National Commodity and Derivative Exchange, coriander for October delivery gained 3 per cent at Rs 4,505 and the November series was up 2.66 per cent at Rs 4,713.
The total daily arrivals of coriander declined to 1,500 and 2,000 bags in the Kota and Ramganj mandis in Rajasthan.
In the spot market in Kota (Rajasthan), the spice was quoted at Rs 4,402 a quintal.
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