Moneycontrol Be a Pro
Get App
Last Updated : Dec 07, 2018 01:38 PM IST | Source: PTI

Coriander futures fall on subdued demand

At NCDEX, coriander prices for delivery in January declined by Rs 1, or 0.02 per cent, to Rs 6,503 per quintal with an open interest of 28,460 lots.

Coriander prices fell 0.02 per cent to Rs 6,503 a quintal in futures market on december 7 as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.

Besides, rising arrivals from major producing belts 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 1, or 0.02 per cent, to Rs 6,503 per quintal with an open interest of 28,460 lots.

Close

However, the contract for April 2019 delivery was trading higher at Rs 6,746 , by 0.96 per cent, or Rs 64. The open interest of the contract stood at 7,480 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.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Dec 7, 2018 01:27 pm
Loading...
Sections
Follow us on
Available On