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Coriander dips 1.65% on subdued demand

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Business Finance

Press Trust of India  |  New Delhi 

Coriander prices fell 1.65 per cent to Rs 6,095 a quintal in futures market Friday as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

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 prices for delivery in far-month November declined by Rs 102, or 1.65 per cent, to Rs 6,095 per quintal with an open interest of 9,460 lots.

On similar lines, rates for December was trading at Rs 6,439, down by 1.27 per cent or Rs 83. 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.)

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First Published: Fri, November 09 2018. 14:25 IST
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