Business Standard

Coriander futures slide on tepid demand

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Press Trust of India New Delhi

Coriander prices fell 2.82 per cent to Rs 4,646 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand coupled with sufficient stocks.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in June declined by Rs 135, or 2.82 per cent, to Rs 4,646 per quintal, with an open interest of 32,290 lots.

On similar lines, rates for far-month July were trading lower by Rs 125, or 2.58 per cent, to Rs 4,718, per quintal in 4,080 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: May 21 2018 | 11:20 AM IST

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