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Coriander drops on sluggish demand outlook

By Religare
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Coriander prices fell by 2.1 per cent on Monday 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 2015 contract were trading at Rs. 11,717 per quintal, down by 2.1 per cent, after opening at Rs. 11,930 against the previous closing price of Rs. 11,968. It touched the intra-day low of Rs. 11,666 till the trading. (At 11.45 AM 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

Story first published: Monday, July 27, 2015, 23:00 [IST]
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