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Muted demand drags down coriander futures by 1.86%

Press Trust of India  |  New Delhi 

Coriander prices softened by 1.86 per cent to Rs 6,982 per quintal in futures market today as participants cut down their bets, driven by sluggish demand in the domestic spot market.

Further, higher arrivals from major producing belts also weighed on coriander prices.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in May contract declined by Rs 130, or 1.86 per cent, to Rs 6,982 per quintal with an open interest of 54,620 lots.

On a similar line, the contract for April delivery was trading lower by Rs 105, or 1.49 per cent, to Rs 6,899 per quintal in 540 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: Thu, April 20 2017. 13:22 IST