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Coriander futures decline on profit booking

08 Jan 2014 Evaluate

Coriander futures traded down on NCDEX on account of profit booking by traders and speculators in the futures markets cashing-in good gains from the recent surge in the commodity prices. The downside remained capped on account of lack of adequate supply in the spot markets, which will add to strong demand from stockists.

The contract for January delivery was trading at Rs 7925.00, down by 0.29% or Rs 23.00 from its previous closing of Rs 7948.00. The open interest of the contract stood at 13560.00 lots.

The contract for February delivery was trading at Rs 8205.00, down by 0.81% or Rs 67.00 from its previous closing of Rs 8272.00. The open interest of the contract stood at 24910.00 lots on NCDEX.

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