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Coriander futures decline on muted demand

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Press Trust of India New Delhi
Coriander prices fell by Rs 134 to Rs 7,701 per quintal in futures trade today as speculators reduced their exposure, tracking weak demand in the spot market against increased arrivals from major growing regions.

In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 134, or 1.71 per cent, to Rs 7,701 per quintal with an open interest of 13,510 lots.

May contracts moved lower by Rs 108, or 1.36 per cent, to Rs 7,820 per quintal in 810 lots.

Market analysts attributed the fall in coriander futures to tepid demand at spot market against sufficient stocks on higher supplies from producing regions.

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First Published: Jan 24 2017 | 12:02 PM IST

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