Coriander down 0.92% on profit-booking

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Coriander prices fell by Rs 47 to Rs 5,076 per quintal in futures trade today as speculators booked profits at existing higher levels amid fall in spot markets demand.

The trading sentiment weakened further on adequate stocks availability in the physical markets also put pressure on coriander prices.

At the Multi Commodity Exchange, the December contract fell by Rs 47, or 0.92%, to Rs 5,076 per quintal, with an open interest of 2,690 lots.

The January contract declined by Rs 40, or 0.77% to Rs 5,130 with open interest of 29,020 lots.

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

Source: business-standard.com

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