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Coriander futures rise 0.56 pc on firm demand

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Press Trust of India New Delhi

Coriander traded 0.56 per cent higher at Rs 6,320 per quintal in futures market Friday as participants built positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.

On the National Commodity and Derivatives Exchange, coriander contracts for August delivery rose by Rs 35, or 0.56 per cent, to Rs 6,320 per quintal with an open interest of 18,480 lots.

Coriander contracts for September also traded higher by Rs 28, or 0.44 per cent, to Rs 6,342 per quintal with an open interest of 23,970 lots.

Market analysts attributed the rise in coriander futures to higher demand in physical market against tight stocks on fall in supplies from producing regions.

 

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First Published: Jul 26 2019 | 2:25 PM IST

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