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Coriander down 1.1% on profit-booking

Spice for January delivery declined by 1%

Press Trust of India New Delhi
Coriander prices fell by 1.14% to Rs 7,500 per quintal in futures trade today as speculators booked profits at existing higher levels, influenced by a decline in demand in spot market.

At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 87, or 1.14%, to Rs 7,500 per quintal with open interest of 25,790 lots.

The spice for January delivery declined by Rs 80, or 1.02%, to Rs 7,708 per quintal with an open interest of 13,720 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: Nov 28 2013 | 1:44 PM IST

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