Coriander futures drop to Rs 15,322 per quintal on profit booking, weak spot demand

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Coriander prices on Wednesday fell by Rs 24 to Rs 15,322 per quintal in futures trade as participants trimmed positions amid weak demand in the spot market.

On the National Commodity and Derivatives Exchange, coriander contracts for August delivery dropped by Rs 24, or 0.16 per cent, to Rs 15,322 per quintal with an open interest of 23,915 lots.

Market analysts said subdued spot demand and profit-booking by speculators weighed on coriander futures prices.

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