Coriander futures down 1.22% on profit-booking

Coriander prices fell by 1.22 per cent to Rs 8,171 per quintal in futures trade today as speculators booked profits at existing higher levels.

Coriander futures down 1.22% on profit-booking
NEW DELHI: Coriander prices fell by 1.22 per cent to Rs 8,171 per quintal in futures trade today as speculators booked profits at existing higher levels amid fall in spot market demand.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in February fell by Rs 101, or 1.22 per cent, to Rs 8,171 per quintal with an open interest of 25,560 lots.

The price for January delivery declined by Rs 53, or 0.66 per cent, to Rs 7,895 per quintal with open interest of 12,720 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.

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