Coriander declines on poor demand in spot markets
Coriander prices fell by Rs 25 to Rs 3,785 per quintal in futures trade today as traders booked profits on the back of sluggish physical demand.
By PTI | Updated:
NEW DELHI: Coriander prices fell by Rs 25 to Rs 3,785 per quintal in futures trade today as traders booked profits on the back of sluggish physical demand.
On reports of poor demand from the overseas markets along with higher supply in the spot markets also put pressure on the prices.
At the National Commodity Exchange, coriander for the July contract fell by Rs 25, or 0.66 per cent, to Rs 3,785 per quintal with open interest of 15,000 lots, while the June delivery eased by Rs 16, or 0.43 per cent, to Rs 3,710 per quintal with open interest of 17,910 lots.
Analysts said profit-booking by speculators amid sluggish demand at spot markets, mainly kept pressure on coriander prices.
On reports of poor demand from the overseas markets along with higher supply in the spot markets also put pressure on the prices.
At the National Commodity Exchange, coriander for the July contract fell by Rs 25, or 0.66 per cent, to Rs 3,785 per quintal with open interest of 15,000 lots, while the June delivery eased by Rs 16, or 0.43 per cent, to Rs 3,710 per quintal with open interest of 17,910 lots.
Analysts said profit-booking by speculators amid sluggish demand at spot markets, mainly kept pressure on coriander prices.
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