Coriander futures edge lower 2.14% on subdued demand
Coriander prices fell by 2.14 per cent to Rs 7,472 per quintal in futures trade today as speculators offloaded their positions following a subdued demand at the spot market.
By PTI | Updated:
NEW DELHI: Coriander prices fell by 2.14 per cent to Rs 7,472 per quintal in futures trade today as speculators offloaded their positions following a subdued demand at the spot market.
Besides, ample stock position following rising arrivals from major producing belts too influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 164, or 2.14 per cent, to Rs 7,472 per quintal with open interest of 8,090 lots.
The price for January delivery declined by Rs 82, or 1.14 per cent, to Rs 7,066 per quintal with open interest of 11,980 lots.
Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander futures prices.
Besides, ample stock position following rising arrivals from major producing belts too influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 164, or 2.14 per cent, to Rs 7,472 per quintal with open interest of 8,090 lots.
The price for January delivery declined by Rs 82, or 1.14 per cent, to Rs 7,066 per quintal with open interest of 11,980 lots.
Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander futures prices.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
