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Coriander futures rise over 2 pc on firm demand

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Press Trust of India New Delhi
Last Updated : Nov 14 2019 | 1:30 PM IST

Coriander prices on Thursday rose 2.35 per cent to Rs 7,130 per quintal in futures market as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions strengthened the prices.

On the National Commodity and Derivatives Exchange, coriander for November contracts edged higher by Rs 164, or 2.35 per cent, to Rs 7,130 per quintal with an open interest of 8,990 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

On similar lines, the spice for delivery in December contracts was trading higher by Rs 131, or 1.97 per cent, to Rs 6,783 per quintal, with an open interest of 10,590 lots.

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First Published: Nov 14 2019 | 1:30 PM IST

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