Coriander sheds 1.8% on profit-booking

Coriander futures shed Rs 99 to Rs 5,275 per quintal in range-bound early trade today as speculators booked profits at existing higher levels, influenced by weak spot market demand.

At the Multi Commodity Exchange, September coriander declined by Rs 99, or 1.84%, to Rs 5,275 per quintal, with a business turnover of five lots.

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