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Coriander slumps 0.75% on low demand, sufficient arrivals

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Press Trust of India New Delhi
Last Updated : Aug 27 2015 | 12:07 PM IST
Coriander fell 0.75 per cent to Rs 10,840 per quintal in futures trade today as speculators reduced their positions amid weak demand at the spot market.
Besides, rising arrivals from major producing belts also impacted to prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in October fell by Rs 82, or 0.75 per cent, to Rs 10,840 per quintal with open interest of 18,710 lots.
The price for September delivery declined by Rs 80, or 0.74 per cent to Rs 10,640 per quintal with an open interest of 50.420 lots.
Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander prices in futures trade.

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First Published: Aug 27 2015 | 12:07 PM IST

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