Business Standard

Coriander falls over 2% as demand declines

Profit-booking by speculators affected the trade

Press Trust of India New Delhi
Coriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profit-booking by speculators as demand waned in the spot market against the excess supplies.

At the Multi Commodity Exchange (MCX), the June contract fell by Rs 142, or 2.09% to Rs 6,640 per quintal in 21,780 lots.

The July contract declined by Rs 124, or 1.80%, to Rs 6,760 per quintal in 15,580 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: May 27 2013 | 3:03 PM IST

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