Coriander futures hit upper circuit, zooms 4% on spot demand

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Amid pick up in domestic as well as exports demand in the spot market and restricted supplies from producing belts, coriander prices traded higher by 3.99 per cent to Rs 7,558 per quintal in futures trading today as speculators fresh positions.

At the National Commodity and Derivatives Exchange, coriander for delivery in July month rose by Rs 290, or 3.99 per cent to Rs 7,558 per quintal with an open interest of 6,950 lots.

Likewise, the spice for delivery in far-month August moved up by Rs 269, or 3.66 per cent to Rs 7,619 per quintal in 15,890 lots.

Market analysts said fresh positions built up by participants due to uptick in domestic as well as exports demand against adequate stocks position on restricted supplies from producing regions, mainly pushed up coriander prices at futures trade.

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