Coriander futures up on spot demand, tight supply

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NEW DELHI: Coriander prices moved up by 0.71 per cent to Rs 6,958 per quintal infutures trade today on pick up in demand in the spot market against tight supplies on limited arrivals from producing regions.

At the National Commodity and Derivative Exchange, coriander for delivery in December moved up by Rs 49, or 0.71 per cent, to Rs 6,958 per quintal with an open interest of 7,320 lots.

Similarly, the spice for delivery in November traded higher by Rs 37, or 0.55 per cent, to Rs 6,775 per quintal in 20,440 lots.

Market analysts said besides pick up in demand in the spot market, tight supplies following less arrivals from producing regions also influenced coriander prices at futures trade.

Source: India Times

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