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Coriander futures slumped on NCDEX

02 May 2013 Evaluate

Coriander futures slumped on NCDEX due to mounting supplies of new crop in local mandies along with restricted buying by traders and stockist. However, lower production estimates are expected to limit the sharp fall in prices.

The contract for May delivery was trading at Rs 6789.00, down by 1.28% or Rs 88.00 from its previous closing of Rs 6877.00. The open interest of the contract stood at 18220.00 lots.

The contract for June delivery was trading at Rs 6875.00, down by 1.31% or Rs 91.00 from its previous closing of Rs 6966.00. The open interest of the contract stood at 22690.00 lots on NCDEX.

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