Business Standard

Coriander declines on profit-booking

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Press Trust of India New Delhi

Coriander prices fell by Rs 150 to Rs 5,025 per quintal in futures trade today as speculators booked profits amid sluggish demand in the spot market.

At the Multi Commodity Exchange, coriander futures for September contract delivery fell by Rs 150, or 2.90%, vis-a-vis their previous close to Rs 5,025 per quintal, with a trading volume of one lot.

Market analysts 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: Sep 05 2011 | 12:00 PM IST

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