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Coriander futures rise 0.68% on strong spot demand

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Press Trust of India New Delhi
Coriander prices rose by 0.68 per cent to Rs 11,088 per quintal in futures trade today as participants indulged in enlarging positions, driven by rising spot demand.

Further, limited stocks on account of restricted arrivals from the major growing belts too supported the upside in prices.

At the National Commodity and Derivative Exchange, coriander for October delivery rose by Rs 75, or 0.68 per cent, to Rs 11,088 per quintal with an open interest of 42,550 lots.

Similarly, the spice for delivery in September month traded higher by Rs 74, or 0.68 per cent, to Rs 10,864 per quintal, with an open interest of 19,460 lots.
 

Market analysts said increased buying by speculators on pick up in spot market demand against restricted arrivals from producing belts mainly influenced coriander prices to rise in futures trade.

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First Published: Sep 03 2015 | 4:22 PM IST

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