Coriander declines 1.26% on profit-booking

Subdued demand influences prices

Coriander prices fell by Rs 54 to Rs 4,218 per quintal in futures trade today as traders booked profits on the back of subdued demand in the local markets.

At the National Commodity and Derivative Exchange, coriander for October delivery fell by Rs 54, or 1.26%, to Rs 4,218 per quintal, with an open interest of 29,120 lots.

September coriander declined by Rs 53, or 1.30%, to Rs 4,030 per quintal, with an open interest of 4,590 lots.

Marketmen said in addition to profit-booking by speculators at existing higher levels, subdued demand in the spot market led to the decline in coriander futures prices.