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Coriander up 1.4% on tight supply

Spice for delivery in May contracts traded higher by 1.20%

Press Trust of India New Delhi
Coriander prices were up by 1.44 per cent to Rs 11,035 per quintal in futures trade today after participants enlarged positions amid tight supplies on fall in arrivals from producing belts against pickup in demand in the spot market.

At the Multi Commodity Exchange, coriander for delivery in June month rose by Rs 157 or 1.44 per cent to Rs 11,035 per quintal with an open interest of 13,210 lots.

Similarly, the spice for delivery in May contracts traded higher by Rs 127 or 1.20 per cent to Rs 10,711 per quintal in 41,450 lots.

Traders said fresh positions built up by speculators triggered by restricted arrivals from producing belts against pickup in demand in the spot market, mainly led to the rise in coriander prices at futures trade.
 

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First Published: Apr 23 2015 | 1:22 PM IST

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