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Muted demand drags down coriander futures by 1.16%

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Press Trust of India New Delhi
Coriander prices fell by 1.16 per cent to Rs 5,355 per quintal in futures trade today as traders cut down positions amid easing demand at the spot market.

Besides, adequate stocks position on increased arrivals from growing regions fuelled the down trend.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in December month declined by Rs 63, or 1.16 per cent, to Rs 5,355 per quintal with an open interest of 430 lots.

Likewise, the spice for delivery in January contracts shed Rs 17, or 0.31 per cent, to Rs 5,445 per quintal in 40,420 lots.

Market analysts attributed the slide in coriander futures to tepid demand in the physical market against adequate stocks position on increased supplies from producing regions.

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First Published: Dec 15 2017 | 5:10 PM IST

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