Coriander declines 1.45% on profit-booking

Subdued demand influences prices

Coriander prices declined by Rs 61 to Rs 4,160 per quintal in futures trade today as speculators booked profits at prevailing higher levels amid a weak trend at spot markets due to fall in demand against adequate supply.

At the National Commodity Exchange, coriander for October delivery fell by Rs 61, or 1.45%, to Rs 4,160 per quintal, with an open interest of 2,600 lots.

November coriander shed Rs 41, or 0.41%, to Rs 4,313 per quintal, with an open interest of 25,650 lots.

Marketmen said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market led to the decline in coriander futures prices.