Coriander futures fall 1.17% on profit-booking


NEW DELHI: Coriander futures prices fell by Rs 81 to Rs 6,842 per quintal in futures trade on Monday as speculators booked profits at existing higher levels, influenced by a decline in demand in the spot marketdue to adequate arrivals.

At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 81, or 1.17 per cent, to Rs 6,842 per quintal with an open interest of 29,640 lots.

The spice of May delivery declined by Rs 78, or 1.11 per cent to Rs 6,965 per quintal with an open interest of 12,520 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.

Source: India Times


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