Coriander futures slide 2.32 pc on subdued demand

Coriander prices fell 2.32 per cent to Rs 4,828 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

Coriander prices fell 2.32 percent to Rs 4,828 a quintal in futures market today as participants cut down positions amid muted domestic as well as an export demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in September declined by Rs 115, or 2.32 percent, to Rs 4,828 per quintal with an open interest of 39,170 lots.

On similar lines, the contract for this month's delivery was trading at Rs 4,812, down by 1.75 percent or Rs 86. The open interest of the contract stood at 840 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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)