Coriander down 2.6% on profit-booking

Coriander in September delivery declined by 2.45%

Coriander futures prices fell by 2.60% to Rs 5,020 per quintal in futures trade today as speculators booked profits at existing higher levels on easing demand in spot against adequate arrivals.

At the National Commodity and Derivative Exchange, coriander for August delivery fell by Rs 134, or 2.60%, to Rs 5,020 per quintal with open interest of 14,840 lots.

Coriander in September delivery declined by Rs 128, or 2.45% to Rs 5,089 per quintal with open interest of 15,080 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.