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Coriander futures slip on low demand, higher arrivals

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Press Trust of India New Delhi
Coriander prices fell by Rs 230 to Rs 12,510 per quintal in futures trade today as speculators offloaded positions, triggered by subdued demand at the spot market against higher arrivals from major growing regions.

At the Multi Commodity Exchange, coriander for delivery in July fell by Rs 230, or 1.81 per cent, to Rs 12,510 per quintal with open interest of 36,270 lots.

The price for June delivery declined by Rs 212, or 1.70 per cent, to Rs 12,263 per quintal with open interest of 21,170 lots.

Traders said strong carry-over stocks in local mandies against weak spot as well as export demand, weighed on coriander prices at futures trade here.

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First Published: Jun 08 2015 | 1:42 PM IST

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