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Coriander rises 1.50% on spot demand, tight supplies

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Press Trust of India New Delhi
Coriander prices were up by 1.50 per cent to Rs 6,830 per quintal in futures trade today as participants were indulged in enlarging their positions, tracking a firming trend at spot market due to improved demand.

Further, restricted supplies from major producing regions also supported coriander futures.

At the National Commodity and Derivatives Exchange, coriander for April contract rose Rs 101 or 1.50 per cent to Rs 6,830 per quintal with an open interest of 15,960 lots.

On similar lines, the spice for delivery in May traded higher by Rs 90 or 1.33 per cent to Rs 6,870 per quintal, with an open interest of 9,210 lots.
 

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

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First Published: Mar 14 2016 | 11:07 AM IST

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