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Coriander declines on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:34 AM IST

Coriander futures prices fell by Rs 24 to Rs 5,560 per quintal today, as speculators booked profits on the back of sluggish demand in domestic markets.

At the National Commodity and Derivative Exchange, the November contract fell by Rs 23, or 0.43%, to Rs 5,560 per quintal, with an open interest of 11,900 lots, while October coriander declined by Rs 20, or 0.36 per cent, to Rs 5,461 per quintal, with open interest of 19,600 lots.

Market analysts said in addition to profit-booking by speculators at existing higher levels, subdued demand in the spot market led to the decline in Coriander futures prices.

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First Published: Sep 23 2011 | 1:56 PM IST

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