Muted demand drags down coriander futures by 2.74 pc

New Delhi, Oct 13 (PTI) Coriander prices fell by 2.74 percent to close at Rs 4,365 a quintal in futures market today asparticipants cut down their ...

New Delhi, Oct 13 (PTI) Coriander prices fell by 2.74 percent to close at Rs 4,365 a quintal in futures market today asparticipants cut down their positions amid muted domestic aswell as export demand against ample stocks position.

Higher supplies from major growing regions alsoinfluenced coriander futures.

At the National Commodity and Derivatives Exchange,coriander prices for delivery this month declined by Rs 123,or 2.74 per cent, to close at Rs 4,365 per quintal, with anopen interest of 510 lots.

On similar lines, the spice for November delivery wastrading lower by Rs 73, or 1.48 per cent, to end at Rs 4,866per quintal in 27,200 lots.

Market analysts attributed the fall in coriander futuresto subdued demand in the physical market against adequatestocks position on increased supplies from producing regions.

PTI DP SUN DPLABM.

This is unedited, unformatted feed from the Press Trust of India wire.

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