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Coriander prices dip 0.82% on subdued demand

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Press Trust of India New Delhi

Coriander prices fell 0.82 per cent to Rs 6,317 per quintal in futures market Thursday as participants cut down their positions amid muted domestic as well as exports demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January declined by Rs 52, or 0.82 per cent, to Rs 6,317 per quintal with an open interest of 9,750 lots.

On similar lines, rates for February was trading at Rs 6,815, down by 0.79 per cent, or Rs 54. The open interest of the contract stood at 21,780 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: Jan 03 2019 | 2:45 PM IST

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