Coriander prices dip 0.73 pc on subdued demand

Coriander prices fell 0.73 per cent to Rs 6,624 a quintal in futures market Tuesday as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January declined by Rs 49, or 0.73 per cent, to Rs 6,624 per quintal with an open interest of 21,900 lots.

On similar lines, rates for far-month April was trading at Rs 6,838, down 0.68 per cent or Rs 47. The open interest of the contract stood at 7,690 lots.

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

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)