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Coriander futures slide 0.58 pc on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 0.58 per cent to Rs 5,071 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

Profit-booking at higher levels also weighed on market sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in May contracts declined by Rs 30, or 0.58 per cent, to Rs 5,071 per quintal with an open interest of 26,280 lots.

On similar lines, rates for June was trading lower by Rs 23, or 0.44 per cent, to Rs 5,150, per quintal in 3,410 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: Apr 23 2018 | 12:00 PM IST

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