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Uptick in demand lifts coriander futures by 1.42%

Press Trust of India  |  New Delhi 

Amid pick-up in domestic demand against restricted arrivals from producing regions, prices rose by 1.42 per cent to Rs 6,412 per quintal in futures trading Thursday as speculators created fresh positions.

Further, tight supplies from producing belts also influenced futures.

At the National Commodity and Derivatives Exchange, prices for delivery in December rose by Rs 90, or 1.42 per cent, to Rs 6,412 per quintal, with an open interest of 13,240 lots.

Similarly, the spice for delivery in far-month January was trading higher by Rs 80, or 1.25 per cent, to Rs 6,460 per quintal in 19,140 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stock position on fall in supplies from producing regions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 11:25 IST