Higher supplies, lower demand drag down coriander futures
Coriander prices fell by 1.02 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. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. At the NCDEX, coriander futures for May 2014 contract were trading at Rs. 9,200 per quintal, down by 1.02 per cent, after opening at Rs. 9,247 against the previous closing price of Rs. 9,295. It touched the intra-day low of Rs. 9,161 till the trading. (At 04:16 PM today).
Coriander prices fell by 1.02 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. Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. At the NCDEX, coriander futures for May 2014 contract were trading at Rs. 9,200 per quintal, down by 1.02 per cent, after opening at Rs. 9,247 against the previous closing price of Rs. 9,295. It touched the intra-day low of Rs. 9,161 till the trading. (At 04:16 PM today).
