Coriander extends slide, plunges 6.45%
Coriander prices tumbled by another 6.45 per cent to trade at Rs 10,200 per quintal in futures trade as speculators engaged in trimming their positions.
By PTI | Updated:
NEW DELHI: Extending its slide, coriander prices tumbled by another 6.45 per cent to trade at Rs 10,200 per quintal in futures trade today as speculators engaged in trimming their positions following a weak trend at the spot market due to subdued demand amid ample stocks.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in November slumped Rs 704 or 6.45 per cent at Rs 10,200 per quintal with an open interest of 46,850 lots.
On similar lines, coriander for delivery in December lost Rs 665 or 5.99 per cent to Rs 10,432 per quintal with an open interest of 11,510 lots.
Analysts said adequate stocks in the physical market against subdued demand, mainly dragged down coriander prices at futures trade.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in November slumped Rs 704 or 6.45 per cent at Rs 10,200 per quintal with an open interest of 46,850 lots.
On similar lines, coriander for delivery in December lost Rs 665 or 5.99 per cent to Rs 10,432 per quintal with an open interest of 11,510 lots.
Analysts said adequate stocks in the physical market against subdued demand, mainly dragged down coriander prices at futures trade.
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