Coriander falls on weak demand, sufficient arrivals

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Coriander prices fell by 1.66 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for August 2013 contract was trading at Rs. 5,223 per quintal, down by 1.66 per cent, after opening at Rs. 5,285 against the previous closing price of Rs. 5,311. It touched the intra-day low of Rs. 5,197 till the trading (At 12.25 PM today).

Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market

Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian

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Story first published: Tuesday, August 6, 2013, 22:50 [IST]
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