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Coriander prices dip 0.52% on subdued demand

Press Trust of India  |  New Delhi 

Coriander prices dropped 0.52 per cent to Rs 6,754 per quintal in futures market Thursday as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in April declined by Rs 35, or 0.52 per cent, to Rs 6,754 per quintal with an open interest of 9,460 lots.

On the similar lines, rate for May was trading down by Rs 41, or 0.51 per cent, to Rs 6,855. 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.)

First Published: Thu, January 10 2019. 16:20 IST