Coriander futures fall 2.42% on profit-booking

In range-bound trading, coriander prices fell by Rs 130 to Rs 5,235 per quintal in futures trade today as speculators booked profits at existing higher levels, driven by a weak spot markets trend on sluggish demand. 

At the Multi Commodity Exchange, coriander for September delivery declined by Rs 130, or 2.42%, to Rs 5,235 per quintal, with a business turnover of two lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot markets led to the fall in coriander futures prices.