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Coriander futures slide 0.63 pc on muted demand

Press Trust of India  |  New Delhi 

Coriander prices were down by 0.63 per cent to Rs 7,244 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.

Further, rising arrivals from major growing regions also weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 46 or 0.63 per cent to Rs 7,244 per quintal with an open interest of 280 lots.

On similar lines, the spice for delivery in November traded lower by Rs 42, or 0.56 per cent to Rs 7,449 per quintal in 9,810 lots.

Market analysts said offloading of positions by participants due to subdued demand in the spot market against adequate stocks position, mainly influenced coriander prices at futures trade.

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

First Published: Fri, October 14 2016. 13:42 IST