 "Coriander falls over 2% as demand declines")
Coriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profit-booking by speculators as demand waned in the spot market against the excess supplies.
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 142, or 2.09% to Rs 6,640 per quintal in 21,780 lots.
The July contract declined by Rs 124, or 1.80%, to Rs 6,760 per quintal in 15,580 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 142, or 2.09% to Rs 6,640 per quintal in 21,780 lots.
The July contract declined by Rs 124, or 1.80%, to Rs 6,760 per quintal in 15,580 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.