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Coriander up on rising demand

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices

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Press Trust of India New Delhi

Coriander futures prices rose by Rs 88 to Rs 4,226 per quintal today as speculators created fresh positions, driven by pick-up in spot demand.

Restricted arrivals from producing regions further fuelled the uptrend in coriander prices.

At the National Commodity and Derivative Exchange, the November contract for coriander rose by Rs 88, or 2.13%, to Rs 4,226 per quintal, with an open interest of 8,010 lots.

The October contract moved up by Rs 77, or 1.93%, to Rs 4,060 per quintal, with an open interest of 22,850 lots.

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

 

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First Published: Sep 25 2012 | 3:33 PM IST

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