 "Coriander down 2% on adequate supply")
Coriander prices fell by Rs 115 to Rs 5,512 per quintal in the futures trade today as traders booked profits on the back of subdued demand in the spot markets.
Decline in the demand for the commodity in the market against the adequate supply of coriander from the producing belts mainly influenced the market sentiment.
At the National Commodity and Derivative Exchange, coriander for October month contract fell by Rs 115, or 2.04% to Rs 5,512 per quintal with an open interest of 18,110 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.
Decline in the demand for the commodity in the market against the adequate supply of coriander from the producing belts mainly influenced the market sentiment.
At the National Commodity and Derivative Exchange, coriander for October month contract fell by Rs 115, or 2.04% to Rs 5,512 per quintal with an open interest of 18,110 lots.
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The commodity for November month delivery declined by Rs 108, or 1.87%, to Rs 5,660 per quintal with an open interest of 8,000 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.
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