Coriander down 1.4% as demand declines

The prices of coriander in July delivery declined by 1.36%

Coriander futures today fell by Rs 94 to Rs 6,623 per quintal, as demand declined in the spot market against the excess supplies.

The fall in the price of coriander was also supported by the profit booking of the commodity by traders at higher levels.

At the Multi Commodity Exchange, coriander for delivery in August fell by Rs 94, or 1.40%, to Rs 6,623 per quintal with an open interest of 18,010 lots.

The prices of coriander in July delivery declined by Rs 90, or 1.36%, to Rs 6,540 per quintal with an open interest of 15,880 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander prices.