Business Standard

Coriander gains by 1.5% in futures

Rising demand and restricted arrivals from producing belts influenced prices

Press Trust of India New Delhi
Amid rising domestic demand and restricted arrivals from producing regions, coriander rose for the third straight day by adding 1.52% in futures trade today as speculators enlarging their positions.

At the National Commodity and Derivative Exchange, coriander for delivery in February gained Rs 130, or 1.52%, to Rs 8,675 per quintal with an open interest of 18,790 lots.

Likewise, the spice for delivery in January moved up by Rs 106, or 1.31% to Rs 8,169 per quintal in 16050 lots.

Analysts said besides rising demand in the spot market, restricted arrivals from producing belts, mainly attributed rise in coriander prices at futures trade.

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First Published: Jan 01 2014 | 12:15 PM IST

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