Demand Woes Drags Down Coriander Futures

Coriander prices fell by 1.37 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited as the adequate stocks availability in the physical market put pressure on coriander prices.

At the NCDEX, coriander futures for April 2016 contract were trading at Rs. 6,270 per quintal, down by 1.37 per cent, after opening at Rs. 6,305 against the previous closing price of Rs. 6,357. It touched the intra-day low of Rs. 6,170 till the trading.
Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

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