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Muted demand drags coriander futures by 3.63 pc

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Press Trust of India New Delhi
Last Updated : May 24 2017 | 2:02 PM IST
Coriander prices tumbled by 3.63 per cent to Rs 5,091 per quintal in futures trade today as speculators offloaded their exposure due to muted demand in the spot market.
Furthermore, rising arrivals from major growing regions and expectations of good crop also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July declined by Rs 192, or 3.63 per cent, to Rs 5,091 per quintal with an open interest of 16,170 lots.
On a similar line, the spice for delivery in June contract was trading lower by Rs 183, or 3.54 per cent, to Rs 4,986 per quintal in 44,340 lots.
Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

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First Published: May 24 2017 | 2:02 PM IST

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