Business Standard

Coriander down 1.9% on profit-booking

January delivery declined by 1.47%

Press Trust of India New Delhi
Coriander prices fell by 1.94% to Rs 8,381 per quintal in futures trade today as speculators booked profits at existing higher levels amid weak demand at spot markets.

Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the spot market, market analysts said.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in February fell by Rs 166, or 1.94%, to Rs 8,381 per quintal with open interest of 34,990 lots.

The January delivery declined by Rs 137, or 1.47% to Rs 9,199 per quintal with open interest of 22,330 lots.

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First Published: Jan 27 2014 | 1:22 PM IST

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