Coriander declines over 1% on profit-booking

Subdued demand contributes to downtrend

Coriander prices declined by Rs 48 to Rs 4,083 per quintal in futures trade today as speculators booked profits at prevailing higher levels, driven by a weak trend at spot market on subdued demand.

At the National Commodity Exchange, coriander for delivery in September declined by Rs 48, or 1.16%, to Rs 4,083 per quintal, with an open interest of 13,640 lots.

October coriander shed Rs 28, or 0.65%, to Rs 4,230 per quintal, with an open interest of 24,040 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.