Coriander down more than 1% on weak demand
Adequate stocks availability also affected the trade
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Coriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculators reduced their positions on sluggish spot demand.
The sentiment also weakened following adequate stocks availability in the physical market.
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 78, or 1.13%, to Rs 6,770 per quintal in 27,980 lots.
The May contract declined by Rs 50, or 0.73% to Rs 6,766 per quintal in 1,250 lots.
Market analysts said sluggish demand against adequate supply into the spot market led to the fall in coriander futures prices.
The sentiment also weakened following adequate stocks availability in the physical market.
At the Multi Commodity Exchange (MCX), the June contract fell by Rs 78, or 1.13%, to Rs 6,770 per quintal in 27,980 lots.
The May contract declined by Rs 50, or 0.73% to Rs 6,766 per quintal in 1,250 lots.
Market analysts said sluggish demand against adequate supply into the spot market led to the fall in coriander futures prices.
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First Published: May 15 2013 | 2:48 PM IST