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Coriander declines on poor spot demand

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Press Trust of India New Delhi

Coriander futures prices fell by Rs 63 to Rs 4,035 per quintal today, as traders booked profits on the back of sluggish physical demand.

Increased arrival in the physical market also put pressure on the futures prices.

At the National Commodity Derivatives Exchange, the April contract fell by Rs 63, or 1.54%, to Rs 4,035 per quintal, with open interest of 17,340 lots, while May delivery prices eased by Rs 47, or 1.10%, to Rs 4,243 per quintal, with an open interest of 13,820 lots.

The fall in coriander prices was mostly attributed as traders booked profits on the back of poor demand in the spot market traders said.

 

They said increased arrival in the physical market also put pressure on the prices.

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First Published: Apr 11 2012 | 1:29 PM IST

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