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Coriander rises 1.44 pc on spot demand

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Press Trust of India New Delhi

Coriander prices were trading up by 1.44 per cent to Rs 5,220 per quintal in futures trade today as participants enlarged positions, tracking a firming trend at the spot market following improved domestic as well as export demand.

Besides, restricted supplies from major growing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for delivery in May rose Rs 74, or 1.44 per cent, to Rs 5,220 per quintal with an open interest of 7,160 lots.

On similar lines, the spice for April delivery traded higher by Rs 56, or 1.10 per cent, to Rs 5,135 per quintal, with an open interest of 22,450 lots.

 

Marketmen attributed persistent rise in coriander prices to pick-up in demand at spot market amid tight supplies from growing regions.

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First Published: Mar 22 2018 | 6:50 PM IST

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