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Coriander up on good demand

Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts

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Press Trust of India New Delhi

Coriander prices rose by Rs 73 to Rs 4,266 per quintal in futures trade today as speculators enlarged their holdings tracking a firming spot markets trend.

Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts.

At the National Commodity and Derivative Exchange, the October contract for coriander rose by Rs 65, or 1.49%, to Rs 4,426 per quintal, with an open interest of 1,490 lots.

The November contract gained Rs 51, or 1.13%, to Rs 4,575 per quintal, with an open interest of 27,240 lots.

Marketmen said fresh buying by speculators following pick up in demand in the spot market against less arrivals mainly pushed up coriander prices at futures trade.

 

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First Published: Oct 10 2012 | 3:07 PM IST

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