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Coriander down 1.5% on profit-booking

Spice of December delivery declined by 1.4%

Press Trust of India New Delhi
Coriander futures prices fell by 1.56% to Rs 6,741 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 November fell by Rs 107, or 1.56%, to Rs 6,741 per quintal with open interest of 16,860 lots.

The spice of December delivery declined by Rs 103, or 1.46%, to Rs 6,939 per quintal with an open interest of 11,680 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: Oct 31 2013 | 2:11 PM IST

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