Coriander prices fell by 1.16 per cent to Rs 5,450 per quintal in futures trade today as speculators booked profits at existing higher levels influenced by falling demand in spot markets against increased arrivals. At the Multi Commodity Exchange, Coriander for delivery in September fell by Rs 64, or 1.16 per cent, to Rs 5,450 per quintal with an open interest of 9,780 lots. The commodity in August delivery declined by Rs 60, or 1.10 per cent, to Rs 5,375 per quintal with an open interest of 17,940 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander prices. Cardamom prices rose by 1.96 per cent to Rs 732.60 per kg in futures trade today as traders enlarged their commitments, supported by a pick-up in export and domestic demand.Besides, tight stocks position in the spot market following lower arrivals from producing regions also influenced prices. At the Multi Commodity Exchange, Cardamom for delivery in August rose by Rs 14.10, or 1.96 per cent, to Rs 732.60 per kg, with a business turnover of 677 lots. Similarly, the spice for delivery in September edged up by Rs 8.90, or 1.15 per cent, to Rs 776.20 per kg in 157 lots.
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