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Coriander futures slide on muted export demand

Press Trust of India  |  New Delhi 

Coriander prices tumbled down by Rs 119 to Rs 7,962 per quintal in futures trading today as traders were seen reducing their exposures in line with shrinking export demand and weak physical sentiments.

Marketmen said reducing exposure by speculators amid falling export demand and a weak trend at the physical markets, kept prices low at the futures trade.

At the National Commodity and Derivatives Exchange, coriander for delivery in December dipped by Rs 119 or 1.47 per cent to Rs 7,962 per quintal, in an open interest of 4,970 lots.

Also, delivery in January dropped by Rs 92 or 1.12 per cent to Rs 8,088 per quintal, having an open interest of 4,610 lots.

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

First Published: Fri, December 02 2016. 14:08 IST