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Coriander down 1% on profit-booking

Reduced off-take in the spot markets triggered the downtrend

Press Trust of India New Delhi

Coriander futures for April fell by Rs 75, or 1.04%, to Rs 7,103 per quintal in 34,510 lots.

At the Multi Commodity Exchange, the May contract declined by Rs 74, or 1.03% to Rs 7,201 per quintal in 8,320 lots.

Profit-booking by speculators at existing higher levels, sluggish spot market demand affected coriander futures prices.

Reduced off-take in the spot markets triggered the downtrend.

 

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First Published: Jan 24 2013 | 3:05 PM IST

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