Coriander futures slide 3.30 pc on muted demand
Coriander prices fell further by 3.30 per cent to close at Rs 5,105 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.
Besides, higher supplies from major growing regions also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in October contract declined by Rs 174, or 3.30 per cent, to close at Rs 5,105 per quintal, with an open interest of 25,970 lots.
On similar lines, the contract for September was trading lower by Rs 160, or 3.14 per cent, to end at Rs 4,928 per quintal in 21,010 lots.
Market 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.)
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