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Coriander up almost 2% on tight supply

Prices moved up as speculators enlarged their positions

Press Trust of India New Delhi
Coriander futures for June moved up by Rs 138, or 1.97%, to Rs 7,130 per quintal in 12,800 lots.

At the National Commodity and Derivative Exchange (NCDEX), the May contract gained Rs 117, or 1.70%, to Rs 6,980 per quintal in 31,420 lots.

Prices moved up as speculators enlarged their positions triggered by firm spot market trend.

Speculators enlarging their position also had a positive impact on the trade.

Limited arrivals from producing belts also led to an upsurge in coriander futures trade.

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First Published: Apr 22 2013 | 3:04 PM IST

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