Coriander futures up 1.97% on strong demand, tight supply

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NEW DELHI: Coriander prices moved up by 1.97 per cent to Rs 7,130 per quintal in futures trading today as speculators enlarged their positions, triggered by a firm trend at spot market.

At the National Commodity and Derivative Exchange, coriander for delivery in June moved up by Rs 138, or 1.97 per cent, to Rs 7,130 per quintal with an open interest of 12,800 lots.

Likewise, the spice for delivery in the May contract gained Rs 117, or 1.70 per cent, to Rs 6,980 per quintal in 31,420 lots.

Market experts said speculators enlarged their position, driven by a firm trend at spot market on strong demand against limited arrivals from producing belts mainly led an upsurge in coriander prices at futures trade.

Source: India Times

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