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Coriander prices drop 0.76 pct in futures trade on subdued demand

On similar lines, rates for January was trading at Rs 6,190, down by 0.23 per cent or Rs 14.


Devdiscourse News Desk new delhi Last Updated at 27-11-2018 12:37:09 IST India
Coriander prices drop 0.76 pct in futures trade on subdued demand
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Coriander prices fell 0.76 per cent to Rs 6,145 a quintal in futures market Monday as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in far-month December declined by Rs 47, or 0.76 per cent, to Rs 6,145 per quintal with an open interest of 9,460 lots.

On similar lines, rates for January was trading at Rs 6,190, down by 0.23 per cent or Rs 14. The open interest of the contract stood at 22,240 lots.

Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

(With inputs from agencies.)


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