Coriander futures slip 0.85 per cent on subdued demand

Published: 17th January 2018 04:05 PM  |   Last Updated: 17th January 2018 04:05 PM   |  A+A-

NEW DELHI: Coriander prices fell 0.85 per cent to Rs 5,943 a quintal in futures market today as participants cut positions amid muted domestic as well as export demand against ample stocks.

 Profit-booking at higher levels also weighed on sentiment.
 

At the National Commodity and Derivatives Exchange, coriander prices for delivery in April declined Rs 51, or 0.85 per cent, to Rs 5,943 per quintal, with an open interest of 23,810 lots.
 

On similar lines, rates for this month was lower by Rs 41, or 0.73 per cent, at Rs 5,551, per quintal in 3,340 lots.
 

Market analysts attributed the fall in futures prices to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.