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Coriander down 2% on weak demand, adequate stock

Price for August delivery declined by Rs 263, or 2.16%

Press Trust of India New Delhi
Coriander prices fell 2.21 per cent to Rs 11,680 per quintal in futures trade today as speculators reduced their positions amid weak demand at the spot market.

Besides, ample stock in the market due to sufficient arrivals from producing belts also put pressure on coriander prices.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in July fell by Rs 265, or 2.21 per cent, to Rs 11,680 per quintal with open interest of 43,790 lots.

The price for August delivery declined by Rs 263, or 2.16 per cent to Rs 11,920 per quintal with an open interest of 15,810 lots.
 
Market analysts said adequate stock in the market against subdued demand mainly led to the fall in coriander futures prices.

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First Published: Jun 22 2015 | 1:02 PM IST

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