Business Standard

Coriander down 2% on profit-booking

The commodity for November delivery declined by 1.74%

Related News

prices fell by 2% to Rs 5,570 per quintal in futures trade today as speculators booked profits at existing higher levels on falling demand in spot markets against increased arrivals.

Besides, sluggish demand in the physical market also weighed on prices.

At the Multi Commodity Exchange, coriander for delivery in October fell by Rs 114, or 2%, to Rs 5,570 per quintal with an open interest of 21,440 lots.

The commodity for November delivery declined Rs 102, or 1.74%, to Rs 5,730 per quintal with an open interest of 5,020 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market mainly attributed fall in coriander prices.

Read more on:   
|

Read More

Indian oilmeal exporters concerned about Iran

Iran has emerged as the largest buyer of Indian oilmeal, the commodity used largely as bird and animal feed

Quick Links

Market News

Obama and Sensex

The enthusiasm revolving around US President Barack Obama's second visit to India seems to have a rub-off effect on stock markets. During his ...

Devangshu Datta: When central bankers become newsmakers

While the RBI and the Swiss National Bank made some surprising moves, the European Central Bank announced the details of its QE plan

Sebi asks Servotech promoters to make offer to buy more shares

The promoter group has to make the announcement within 45 days

Gold to remain elevated in the short term: analysts

Greece election and US Fed meet crucial events for the bullion market

De Beers to sell large size diamonds through forward contracts

Will sell +2 carat diamonds through the route for the first time

 

Back to Top