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Coriander prices rose by 1.17% to Rs 8,417 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks.
At the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 97, or 1.17%, to Rs 8,417 per quintal with an open interest of 34,320 lots.
Similarly, the spice for delivery in April traded higher by Rs 65, or 0.71%, to Rs 9,255 per quintal, with an open interest of 23,080 lots.
Market analysts said increased buying by speculators on the back of pick-up in spot demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade.
