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Coriander falls on low demand, sufficient arrivals

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Press Trust of India New Delhi
Coriander prices fell by 1.71 per cent to Rs 7,853 per quintal in futures trade today as speculators reduced their positions on the back of sluggish demand in the spot market.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in February fell by Rs 137, or 1.71 per cent, to Rs 7,853 per quintal with open interest of 16,650 lots.

The price for January delivery declined by Rs 106, or 1.40 per cent, to Rs 7,472 per quintal with open interest of 19,480 lots.

Market analysts said adequate stocks availability in the physical market against sluggish demand mainly led to the fall in coriander futures prices.

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First Published: Dec 27 2013 | 1:30 PM IST

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