Business Standard

Coriander declines 1.14% on sluggish demand

Higher arrivals from growing areas also weakens sentiment

Press Trust of India New Delhi
Coriander prices declined by 1.14 per cent to Rs 9,188 per quintal in futures trading today on slackened demand in the spot market against increased supplies from producing regions.

At the National Commodity and Derivatives Exchange, coriander for delivery in May declined by Rs 104, or 1.14 per cent, to Rs 9,188 per quintal with an open interest of 22,030 lots.

The April contract moved down by Rs 92, or 1.03 per cent, to Rs 9,050 per quintal in 45,800 lots.

Market analysts said sluggish demand in the spot market against increased supplies from producing regions mainly pulled down coriander prices at futures trade.

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First Published: Feb 21 2014 | 1:34 PM IST

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