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Coriander dips 0.83% on subdued demand

Press Trust of India  |  New Delhi 

Coriander prices fell 0.83 per cent to Rs 6,180 per in futures trade Monday 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 prices for delivery in April declined by Rs 52, or 0.83 per cent, to Rs 6,180 per with an open interest of 9,460 lots.

On similar lines, rate for May was trading lower by Rs 53, down 0.84 per cent, to Rs 6,233. 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.

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

First Published: Mon, February 11 2019. 15:55 IST
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