 "Coriander prices fall as demand declines")
Coriander prices fell by Rs 54 to Rs 6,612 per quintal in futures trade today as demand declined in the spot market against the higher supplies.
Profit-booking by speculators at higher levels created a pressure on commodity prices.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 54, or 0.81%, to Rs 6,612 per quintal with an open interest of 10,060 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.
Profit-booking by speculators at higher levels created a pressure on commodity prices.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 54, or 0.81%, to Rs 6,612 per quintal with an open interest of 10,060 lots.
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Coriander for the July delivery declined by Rs 48, or 0.71%, to Rs 6,711 per quintal with open interest of 24,590 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.