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Coriander down 2% on sluggish demand

Adequate stocks influence prices

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:05 PM IST

Coriander prices declined by 2.03% to Rs 4,350 per quintal in futures trading today as speculators trimmed positions on the back of sluggish demand in the spot market.

Adequate stocks availability in the physical market put pressure on coriander prices.

At the National Commodity Exchange, coriander for delivery in October declined by Rs 90, or 2.03%, to Rs 4,350 per quintal, with an open interest of 24,420 lots.

November coriander lost Rs 84, or 1.84%, to Rs 4,490 per quintal, with an open interest of 6,400 lots.

Marketmen said speculators trimmed their positions on the back of a sluggish demand in the spot market against adequate stocks, influencing coriander prices at futures trade.

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First Published: Sep 18 2012 | 1:43 PM IST

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