Coriander falls on adequate stocks, weak demand

Adequate stocks positions in the physical market also put pressure on coriander prices

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Coriander prices fell by Rs 36 to Rs 4,559 per quintal in the futures trade today as traders booked profits on the back of subdued demand in the spot markets.

Adequate stocks positions in the physical market also put pressure on coriander prices.

At the National Commodity and Derivative Exchange, the November contract for coriander fell by Rs 36, or 0.78%, to Rs 4,559 per quintal, with an open interest of 3,420 lots.

The December contract declined by Rs 31, or 0.64%, to Rs 4,808 per quintal, with an open interest of 29,070 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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First Published: Nov 07 2012 | 2:50 PM IST

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