Coriander futures down 2.03% on sluggish demand

Coriander prices declined by 2.03 per cent to Rs 4,350 per quintal in futures trading.

Written by Agencies | New Delhi | Published: September 18, 2012 1:40 pm

Coriander prices declined by 2.03 per cent to Rs 4,350 per quintal in futures trading today as speculators trimmed positions on the back of sluggish demand in the spot market.

Adequate stocks availability in the physical market also put pressure on coriander prices.

At the National Commodity Exchange,coriander for delivery in October declined by Rs 90,or 2.03 per cent,to Rs 4,350 per quintal,with an open interest of 24,420 lots.

Likewise,the spice for delivery in November lost Rs 84,or 1.84 per cent,to Rs 4,490 per quintal,with an open interest of 6,400 lots.

Marketmen said speculators trimmed their positions on the back of sluggish demand in the spot market against adequate stocks position mainly influenced coriander prices at futures trade.

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