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Coriander dips 0.14% on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 0.14 per cent to Rs 6,596 a quintal in futures market Friday as participants cut down positions amid muted domestic as well as export demand.

Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander price for delivery in April declined by Rs 9, or 0.14 per cent, to Rs 6,596 per quintal with an open interest of 9,460 lots.

On similar lines, coriander for May was trading down by Rs 6, or 0.09 per cent, at Rs 6,660. The open interest of the contract stood at 22,240 lots.

 

Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

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First Published: Feb 01 2019 | 4:00 PM IST

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