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Coriander prices fall 1.35% on subdued demand

Press Trust of India  |  New Delhi 

Coriander prices Tuesday fell 1.35 per cent to Rs 6,705 a quintal in the futures market, as participants cut down positions amid muted domestic as well as export 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 far-month April declined by Rs 92, or 1.35 per cent, to Rs 6,705 per quintal with an open interest of 24,180 lots.

On similar lines, rates for May was trading at Rs 6,781, down by 0.93 per cent or Rs 64. The open interest of the contract stood at 190 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: Tue, January 08 2019. 16:11 IST