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Coriander rises 2% on firm spot demand

Tight stocks following restricted arrivals from the producing regions supported the upswing in prices

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Press Trust of India New Delhi

Coriander prices rose by Rs 71 to Rs 3,602 per quintal in futures trade today as traders created fresh positions due to rising spot markets demand.

Tight stocks following restricted arrivals from the producing regions also supported the upswing in prices.

At the NCDEX, the May delivery rose by Rs 71, or 2.01%, at Rs 3,602 per quintal, with an open interest of 2,500 lots.

The June contract is higher by Rs 53, or 1.44%, to Rs 3,731 per quintal with a turnover of 23,160 lots.

Market experts said increased buying by speculators on pick-up in spot market demand against less arrivals, mainly pushed up coriander prices at futures trade.

 

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First Published: May 17 2012 | 2:56 PM IST

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