Muted demand drags down coriander futures by 1.09%

Image
Press Trust of India New Delhi
Last Updated : May 13 2016 | 2:22 PM IST
Coriander prices declined by 1.09 per cent to Rs 7,265 per quintal in futures trading today as traders cut down their bets, triggered by easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May fell by Rs 80, or 1.09 per cent, to Rs 7,265 per quintal with an open interest of 8550 lots.
In a similar fashion, the spice price for delivery in far-month June contracts traded lower by Rs 41, or 0.56 per cent, to Rs 7,291 per quintal in 19,230 lots.
Market analysts attributed the fall in coriander futures to tepid demand in the spot market against sufficient stocks on higher supplies from producing regions.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 13 2016 | 2:22 PM IST

Next Story