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Coriander declines on poor spot demand

Adequate stocks also pulled prices lower

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

Coriander prices fell by Rs 45 to Rs 3,626 per quintal in futures trade today as traders booked profits on the back of sluggish spot demand amid adequate stocks.

Increased arrival in the physical market also put pressure on prices.

At the National Commodity Exchange, coriander for May month contract fell by Rs 45, or 1.23%, to Rs 3,626 per quintal with open interest of 8,790 lots, while June delivery eased by Rs 42, or 1.08%, to Rs 3,830 per quintal with open interest of 20,400 lots.

The fall in coriander mostly attributed as traders booked profits on the back of poor demand in the spot market traders said.

They said increased arrival in the physical market also put pressure on the prices.

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First Published: May 14 2012 | 4:33 PM IST

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