Business Standard

Coriander futures fall 2.95% on easing demand

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Press Trust of India New Delhi

Coriander prices fell 2.95 per cent to Rs 4,341 a quintal in futures market today as participants trimmed their holdings on the back of easing demand at the spot market.

Besides, increased supplies from major producing regions also fuelled the downtrend.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in the current month declined by Rs 132, or 2.95 per cent, to Rs 4,341 per quintal with an open interest of 90 lots.

Similarly, rates for July was trading lower by Rs 36, or 0.81 per cent, to Rs 4,423 per quintal in 33,350 lots.

Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

 

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First Published: Jun 19 2018 | 1:50 PM IST

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