Coriander futures down 0.98% on profit-booking

Coriander prices fell 0.98 per cent to close at Rs 6,597 per quintal in futures trade today as speculators booked profits at existing higher levels, influenced by reduction in demand at spot markets.
Sentiment remained weak as speculators reduced their positions due to sluggish demand in the market against higher supplies from major producing belts also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander for delivery in May was down by Rs 65, or 0.98 per cent, to close at Rs 6,597 per quintal, with an open interest of 29,680 lots.
The spice for June slumped by Rs 64, or 0.94 per cent, to end at Rs 6,720 per quintal, with an open interest of 43,950 lots.

Analysts said, besides profit-booking by speculators at existing higher levels, muted demand in the spot market led to the fall in prices of coriander futures.