Coriander sheds almost 2% on profit-booking

Subdued demand, adequate stocks drag August contract by 1.47%

Coriander futures prices today shed 1.89% to Rs 4,815 per quintal as speculators booked profits at existing higher levels, following a fall in the spot demand.

At the National Commodity Exchange, coriander for delivery in September fell by Rs 93, or 1.89%, to Rs 4,815 per quintal, with an open interest of 17,210 lots.

August coriander shed Rs 70, or 1.47%, to Rs 4,700 per quintal in 16,460 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand against adequate stocks position in the spot market led to the fall in coriander prices.