Coriander futures slide 0.90% on profit booking

Prices of coriander dropped by 0.90 per cent to Rs 4,710 per quintal in futures trade today as traders booked profits at prevailing levels amid easing demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in far-month August fell by Rs 43, or 0.90 per cent, to Rs 4,710, per quintal with an open interest of 15,570 lots.

Likewise, the spice for delivery in July moved down by Rs 41, or 0.87 per cent, to Rs 4,642 per quintal in 23,000 lots.

Market analysts said, besides profit-booking by participants at existing levels, fall in demand in the spot market adequate stocks position mainly influenced coriander prices at futures trade.