Coriander futures falls as demand declines
Coriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profit-booking by speculators as demand waned in the spot market.
By PTI |
NEW DELHI: Coriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profit-booking by speculators as demand waned in the spot market against the excess supplies.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 142, or 2.09 per cent to Rs 6,640 per quintal with an open interest of 21,780 lots.
The spice of July delivery declined by Rs 124, or 1.80 per cent, to Rs 6,760 per quintal with open interest of 15,580 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.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 142, or 2.09 per cent to Rs 6,640 per quintal with an open interest of 21,780 lots.
The spice of July delivery declined by Rs 124, or 1.80 per cent, to Rs 6,760 per quintal with open interest of 15,580 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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