Business Standard

Coriander up 1.8% on spot demand

Restricted arrivals influence prices

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Press Trust of India New Delhi

Buoyed by a strong demand in the spot market and restricted arrivals from producing belts, coriander prices shot up by Rs 84 to Rs 4,755 per quintal in the futures market here today.

At the National Commodity and Derivatives Exchange, coriander for delivery in December shot up by Rs 84, or 1.80%, to Rs 4,755 per quintal, with an open interest of 7,810 lots.

November coriander moved up by Rs 76, or 1.68%, to Rs 4,600 per quintal, with an open interest of 27,770 lots.

Marketmen said strong demand in the spot market supported by festive season amid lower arrivals from producing region pushed up coriander futures.

 

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First Published: Oct 18 2012 | 3:02 PM IST

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