The News Scroll 16 August 2018  Last Updated at 12:09 pm | Source: PTI

Coriander futures slide 2.32 pc on subdued demand

Coriander futures slide 2.32 pc on subdued demand
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Aug 16 (PTI) Coriander prices fell 2.32 per cent to Rs 4,828 a quintal in futures market today as participants cut down positions amid muted domestic as well as export 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 September declined by Rs 115, or 2.32 per cent, to Rs 4,828 per quintal with an open interest of 39,170 lots.

On similar lines, the contract for this month's delivery was trading at Rs 4,812, down by 1.75 per cent or Rs 86. The open interest of the contract stood at 840 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. PTI DPL SUN SBT SBT


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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