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Coriander up 1% on spot demand

Thin supplies following less arrivals influence prices

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

Coriander prices rose by Rs 61 to Rs 4,759 per quintal in futures trade today after speculators enlarged holdings in line with a firming trend in spot markets on strong demand against tight stocks.

At the National Commodity and Derivative Exchange, coriander for December rose by Rs 61, or 1.30%, to Rs 4,759 per quintal, with an open interest of 11,070 lots.

November coriander moved up by Rs 57, or 1.26%, to Rs 4,595 per quintal, with open interest of 25,320 lots.

Marketmen said fresh positions created by speculators, driven by a pick up in demand in the spot market against less arrivals, pushed up coriander prices at futures trade.

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First Published: Oct 23 2012 | 12:37 PM IST

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