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Coriander futures slide 1.05 pc on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 1.05 per cent to close at Rs 5,090 a quintal in futures market today as participants cut down positions amid muted demand against ample stocks.

Rising arrivals from major producing belts and profit-booking at higher levels also weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in the May contract declined by Rs 54, or 1.05 per cent, to close at Rs 5,090 per quintal, with an open interest of 25,480 lots.

On similar lines, rates for current month was trading lower by Rs 48, or 0.94 per cent, to finish at Rs 5,060 per quintal in 1,350 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: Apr 18 2018 | 6:45 PM IST

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