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Coriander futures plunge 3.11 pc on muted demand

Press Trust of India  |  New Delhi 

Coriander prices plunged by 3.11 per cent, or Rs 256, to Rs 7,980 per quintal in futures trade today on intense speculative selling triggered by easing demand at spot markets.

Besides, ample stock position following rising arrivals from major producing belts weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January next year fell by Rs 256 or 3.11 per cent to close at Rs 7,980 per quintal with an open interest of 3,840 lots.

The December contract of the spice traded lower by Rs 247, or 3.04 per cent, to end at Rs 7,885 per quintal in 5,280 lots.

Market analysts attributed the fall in coriander futures to tepid demand at spot market against sufficient stocks on higher supplies from producing regions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 18:57 IST