Coriander futures down 3.24% on profit-booking

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Coriander prices fell by 3.24 per cent to Rs 7,772 per quintal in futures trade today as speculators booked profits at existing higher levels amid fall in spot market demand.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January fell by Rs 260, or 3.24 per cent, to Rs 7,772 per quintal with open interest of 22,770 lots.

The price for February delivery declined by Rs 253, or 2.99 per cent, to Rs 8,206 per quintal with open interest of 17,540 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: Business Standard

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