Coriander futures fall 1.06% on profit-booking

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SummaryCoriander prices fell by Rs 56 to Rs 5,240 per quintal in futures trade.

Coriander prices fell by Rs 56 to Rs 5,240 per quintal in futures trade today as speculators booked profits at existing higher levels on fall in spot market demand against fresh arrivals.

At the Multi Commodity Exchange, coriander for delivery in January fell by Rs 56, or 1.06 per cent, to Rs 5,240 per quintal with open interest of 30,140 lots.

The spice of December delivery declined by Rs 44, or 0.84 per cent to Rs 5,195 with open interest of 4,030 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.

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