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Coriander futures slide 0.97% on muted demand

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Press Trust of India New Delhi
Coriander prices were down by 0.97 per cent to Rs 7,275 per quintal in futures market today as traders reduced their positions amid easing demand at the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in May month declined by Rs 71, or 0.97 per cent to Rs 7,275 per quintal with an open interest of 8,210 lots.

On similar lines, the spice for delivery in far-month June contracts traded lower by Rs 56, or 0.76 per cent to Rs 7,305 per quintal in 19,560 lots.

Market analysts said offloading of positions by participants due to subdued demand in the spot market against adequate stocks position, mainly influenced coriander prices at futures trade.

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First Published: May 16 2016 | 5:28 PM IST

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