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Coriander declines 1.5% on profit-booking

Adequate stocks influence prices

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Press Trust of India New Delhi

Coriander prices fell by Rs 73 to Rs 4,541 per quintal in the futures trade today as traders booked profits on the back of subdued demand in the spot markets.

Decline in the demand for the commodity in the market against adequate supply of coriander from the producing belts influenced the market sentiment.

At the National Commodity and Derivative Exchange, coriander for November month contract fell by Rs 73, or 1.58% to Rs 4,541 per quintal with an open interest of 12,480 lots.

December coriander declined by Rs 69, or 1.44%, to Rs 4,711 per quintal with an open interest of 4,711 lots.

 

Marketmen said in addition to profit-booking by speculators at existing higher levels, subdued demand in the spot market led to the decline in Coriander futures prices.

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First Published: Oct 25 2012 | 1:09 PM IST

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