Coriander futures down 3% on profit-booking

Coriander prices declined by Rs 157 to Rs 5,061 per quintal in futures trade today as speculators booked profits at existing higher levels, driven by a weak trend at the spot markets.

At the Multi Commodity Exchange, coriander for September delivery declined by Rs 157, or 3.01%, to Rs 5,061 per quintal, with a business turnover of seven lots.

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