Coriander gains on strong buying interest

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Coriander prices rose by 0.31 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for November 2014 contract was trading at Rs. 12,005 per quintal, up by 0.31 per cent after opening at Rs. 11,930 against the previous closing price of Rs. 11,968. It touched the intra-day high of Rs. 12,030 till the trading. (At 11.45 AM today).

Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity.

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.

Story first published: Friday, October 31, 2014, 23:00 [IST]
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