You are here: Home » PTI Stories » National » News
Business Standard

Coriander dips 1.65% on subdued demand

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.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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