Coriander prices fell sharply by 3.57 per cent to Rs 6,349 per quintal in futures market Tuesday as participants cut down positions amid muted domestic as well as exports 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 January declined by Rs 235, or 3.57 per cent, to Rs 6,349 per quintal with an open interest of 21,750 lots.
Similarly, the contract for delivery in December was trading at Rs 6,610, down by 3.38 per cent, or Rs 231. The open interest of the contract stood at 9530 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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
NPS vs UPS vs OPS: What will be your monthly pension if you contribute Rs 10,000 monthly for 35 years? Get expert calculations
GMR Airports Infra and 4 more: Axis Direct recommends buying 5 stocks for 5-15 days | Check targets, stop losses
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
12:20 AM IST