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Coriander down 1.5% on profit-booking

Spice of November delivery declined by 1.27%

Press Trust of India New Delhi
Coriander futures prices fell by 1.51% to Rs 6,958 per quintal in futures trade today as speculators booked profits at existing higher levels on weakening spot market trend.

At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 107, or 1.51%, to Rs 6,958 per quintal with an open interest of 23,380 lots.

The spice of November delivery declined by Rs 86, or 1.27%, to Rs 6,690 per quintal with an open interest of 3,470 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 futures prices.
 

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First Published: Nov 11 2013 | 1:38 PM IST

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