Muted Demand Drags Down Coriander Futures By 2.12 Pct

Coriander prices moved down by 2.12 per cent to Rs 6,498 per quintal in futures trade today as traders reduced their exposure, driven by subdued demand in the spot market against adequate stocks.

At the NCDEX, coriander futures for April 2016 contract were trading at Rs. 6,498 per quintal, down by 2.12 per cent, after opening at Rs. 6,610 against the previous closing price of Rs. 6,639. It touched the intra-day low of Rs. 6,461 till the trading.

Traders said cutting down of bets by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts mainly led to the fall in coriander prices at futures trade. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

For Quick Trial – 8962000225 ✔
or mail us here:
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

NewerStories OlderStories Home