Business Standard

Coriander down 0.8% on profit-booking

Price for December delivery declined by 0.2%

Press Trust of India New Delhi
Coriander prices fell by 0.80% to Rs 7,775 per quintal in futures trade today as speculators booked profits at existing higher levels amid fall in spot market demand.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January fell by Rs 63, or 0.80%, to Rs 7,775 per quintal with open interest of 30,170 lots.

The price for December delivery declined by Rs 19, or 0.26%, to Rs 7,426 per quintal with an open interest of 1,680 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.

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First Published: Dec 12 2013 | 2:44 PM IST

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