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Coriander futures slide 1.09 pc on subdued demand

Press Trust of India  |  New Delhi 

Coriander prices fell 1.09 per cent to Rs 5,436 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

Profit-booking at higher levels also weighed on sentiment.

In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 60, or 1.09 per cent, to Rs 5,436 per quintal, with an open interest of 30,800 lots.

On similar lines, rates for January was trading lower by Rs 58, or 1.03 per cent, to Rs 5,560, per quintal in 3,320 lots.

Market 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: Tue, December 05 2017. 15:00 IST