The escalation in coriander prices, which surged by Rs 88 to reach Rs 8,352 per quintal in futures trading, can be attributed to the heightened activity of speculators augmenting their positions, in alignment with a robust trajectory observed in the spot market.

On the NCDEX, the contracts for coriander scheduled for delivery in October experienced an uptick of Rs 88, reflecting a percentage increase of 1.05%, thereby reaching a price point of Rs 8,352 per quintal across a volume of 16,245 lots.

Market analysts indicated that a pronounced trajectory in the spot market, coupled with constrained supply dynamics from key producing regions, has exerted upward pressure on coriander prices.