Coriander declines on profit-booking

September contract falls over 1%

Coriander prices declined by Rs 51 to Rs 4,887 per quintal in futures market today as speculators booked profits at prevailing higher levels, driven by a weak trend at the spot market on subdued demand.

At the National Commodity Exchange, coriander for delivery in September declined by Rs 51, or 1.03%, to Rs 4,887 per quintal, with an open interest of 32,280 lots.

August corainder shed Rs 18, or 0.37%, to Rs 4,840 per quintal, with an open interest of 4,400 lots.

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