Coriander moves down in futures trade

Coriander for delivery in September declined by Rs 89 to Rs 4,194.

Written by Agencies | New Delhi | Published: August 29, 2012 2:42:37 pm

Coriander prices moved down by 2.08 per cent to Rs 4,194 per quintal in futures trade today as speculators offloaded their positions,driven by subdued demand in the spot market at prevailing higher levels.

At the Multi Commodity Exchange,coriander for delivery in September declined by Rs 89,or 2.08 per cent,to Rs 4,194 per quintal,with an open interest of 24,040 lots.

In a similar fashion,the spice for delivery in October lost Rs 88,or 1.98 per cent,to Rs 4,365 per quintal in 12,600 lots.

Marketmen said speculators offloaded their positions,tracking a weak trend at spot market on subdued demand at prevailing higher levels,which pulled down coriander prices at futures trade.

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