Coriander falls 1.26% on profit-booking

Subdued demand contributes to downtrend

Coriander prices fell by 1.26% to Rs 4,155 per quintal in futures trade today as speculators booked profits at existing higher levels amid subdued demand in the spot market.

At the Multi Commodity Exchange, coriander for delivery in September fell by Rs 53, or 1.26%, to Rs 4,155 per quintal, with an open interest of 21,000 lots.

October coriander shed Rs 37, or 0.85%, to Rs 4,309 per quintal in 17,170 lots.

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