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Coriander rises 2.86 pc on spot demand, tight supplies

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Press Trust of India New Delhi
Coriander prices rose 2.86 per cent to Rs 5,521 per quintal in futures trade today as participants widened positions amid rising spot demand.

Furthermore, tight supplies from major producing belts fuelled the uptrend.

At the National Commodity and Derivatives Exchange, coriander for January rose by Rs 154, or 2.86 per cent, to Rs 5,521 per quintal, with an open interest of 17,920 lots.

The contract for December was trading higher by Rs 147, or 2.78 per cent, to Rs 5,425 per quintal with an open interest of 27,890 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position on fall in supplies from producing regions.

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First Published: Nov 28 2017 | 12:40 PM IST

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