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Coriander futures fall 2.97 pc on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 2.97 per cent to Rs 4,541 a quintal in futures market today as participants trimmed holdings in-line with subdued demand at the spot market.

Further, increased arrivals from major producing belts weighed on the coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in September declined by Rs 139, or 2.97 per cent, to Rs 4,541 per quintal with an open interest of 7,660 lots.

Similarly, rates for August were trading lower by Rs 132, or 2.86 per cent, to Rs 4,482 per quintal in 33,250 lots.

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

 

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First Published: Jul 17 2018 | 2:50 PM IST

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