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Coriander dips 0.82% on subdued demand

Press Trust of India  |  New Delhi 

Coriander prices fell 0.82 per cent to Rs 6,692 per quintal in futures market Wednesday as participants cut down positions amid muted domestic as well as exports demand.

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

At the National Commodity and Derivatives Exchange, coriander for delivery in January declined by Rs 55, or 0.82 per cent, to Rs 6,692 per quintal with an open interest of 22,430 lots.

On similar lines, rates for far-month April was trading at Rs 6,850, down by 1.67 per cent, or Rs 116. The open interest of the contract stood at 6,020 lots.

Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 15:00 IST