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Coriander futures down 1 pc on tepid demand

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Press Trust of India New Delhi
Coriander prices slipped 1 per cent to close at Rs 5,115 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.

Profit-booking at existing higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander for delivery in December declined by Rs 51, or 1 per cent, to close at Rs 5,115 per quintal, with an open interest of 31,160 lots.

The commodity for delivery in January next year fell Rs 43, or 0.82 per cent, to finish at Rs 5,211 per quintal, with open interest of 14,950 lots.

Analysts attributed the fall in coriander futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.

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First Published: Nov 24 2017 | 6:40 PM IST

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