Coriander futures down 3.99 pc on profit-booking

Coriander prices fell 3.99 per cent to close at Rs 7,175 per quintal in futures trade today as speculators booked profits at existing higher levels influenced by reduction in demand in spot markets against increased arrivals.
Sentiment remained weak as speculators reduced their positions due to sluggish demand in the market.
At the National Commodity and Derivatives Exchange, coriander for delivery this month tumbled by Rs 298, or 3.99 per cent, to close at Rs 7,175 per quintal with an open interest of 7,230 lots.
The spice for May slumped by Rs 290, or 3.81 per cent, to end at Rs 7,319 per quintal with open interest of 57,260 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.