Business Standard

Coriander futures edge lower 1.44% on subdued demand

Image

Press Trust of India New Delhi
Coriander prices fell by 1.44 per cent to Rs 7,728 per quintal in futures trade today as speculators cut down their bets amid sluggish demand at the domestic spot market.

Further, rising arrivals from major producing belts also influenced coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in September fell Rs 113, or 1.44 per cent, to Rs 7,728 per quintal with open interest of 18,500 lots.

The price for August delivery declined by Rs 103, or 1.24 per cent, to Rs 8,200 per quintal with open interest of 7,600 lots.

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

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 16 2016 | 11:48 AM IST

Explore News