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Coriander futures shed 1.09 pc on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 1.09 per cent to Rs 5,178 a quintal in futures market Monday as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in October declined by Rs 57, or 1.09 per cent, to Rs 5,178 per quintal with an open interest of 28,460 lots.

Similarly, the contract for this month's delivery was trading at Rs 4,826, down by 0.45 per cent or Rs 22. The open interest of the contract stood at 950 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.

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First Published: Sep 17 2018 | 1:10 PM IST

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