Coriander declines 1.6% on profit-booking

Subdued demand contributes to downtrend

Coriander prices declined by Rs 67 to Rs 4,237 per quintal in futures trade today as speculators booked profits at prevailing higher levels, driven by a weak trend at the spot market on subdued demand.

At the National Commodity Exchange, coriander for delivery in November declined by Rs 67, or 1.56%, to Rs 4,237 per quintal, with an open interest of 9,750 lots.

October coriander shed Rs 56, or 1.36%, to Rs 4,065 per quintal, with an open interest of 22,260 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.