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Coriander futures rise 1.60% on spot demand

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Press Trust of India New Delhi

Coriander prices were trading higher by 1.60 per cent at Rs 4,820 per quintal in futures trade Tuesday as participants built up positions amid rising spot demand.

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

At the National Commodity and Derivatives Exchange, coriander for this month's contract rose by Rs 76, or 1.60 per cent, to Rs 4,820 per quintal with an open interest of 360 lots.

Similarly, the delivery for October was trading higher by Rs 57, or 1.11 per cent, to Rs 5,171 per quintal with an open interest of 27,900 lots.

 

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

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First Published: Sep 18 2018 | 1:05 PM IST

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