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Coriander futures dip 2.83% on sluggish demand

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Press Trust of India New Delhi

Coriander futures prices dipped by 2.83% to Rs 5,361 per quintal today as speculators remained net sellers, due to weak a trend at the spot market on sluggish demand. 

Adequate stocks position, following increased arrivals from producing region, also put pressure on the prices.

At the Multi Commodity Exchange, coriander for September delivery dipped by Rs 156, or 2.83%, to Rs 5,361 per quintal, with a business turnover of three lots.

Traders attributed continued fall in coriander was mostly due to heavy selling by speculators, due to a sluggish demand in the spot market, traders said.

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First Published: Aug 03 2011 | 2:11 PM IST

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