Business Standard

Muted demand drags down coriander futures 2.82 pc

Image

Press Trust of India New Delhi
Coriander prices fell by 2.82 per cent to end at Rs 4,994 a quintal in futures market today as participants reduced holdings on muted domestic as well as export demand against ample stocks position.

Besides, higher supplies from major growing regions also influenced coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in August declined by Rs 145, or 2.82 per cent, to close at Rs 4,994 per quintal with an open interest of 25,700 lots.

On similar lines, the spice for July delivery was trading lower by Rs 134, or 2.66 per cent, to end at Rs 4,899 per quintal in 21,370 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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 03 2017 | 5:43 PM IST

Explore News