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Coriander futures fall on low demand

Press Trust of India  |  New Delhi 

Coriander prices fell 1.49 per cent to Rs 7,277 per quintal in futures trade today as speculators trimmed their positions, tracking a weak trend at the spot markets due to subdued demand.

Besides, ample stock position following rising arrivals from major producing belts too weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in November fell Rs 110, or 1.49 per cent, to Rs 7,277 per quintal, with an open interest of 11,200 lots.

Also, coriander for this month delivery eased by Rs 104, or 1.44 per cent, to Rs 7,092 per quintal, with an open interest of 140 lots.

Market analysts said fall in demand against ample stocks in the physical market mainly led to the fall in coriander futures prices.

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

First Published: Mon, October 17 2016. 12:32 IST