Saturday, 30 November 2013

REVIA ~ COMMODITY UPDATES NCDEX AGRI TIPS 02/12/2013

Agro Outlook
D A I L Y
B U Z Z
Coriander prices fell by 1.14 per cent to Rs 7,500 per quintal in futures trade today as speculators booked profits at existing higher levels, influenced by a decline in demand in spot market.

At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 87, or 1.14 per cent, to Rs 7,500 per quintal with open interest of 25,790 lots.

The spice for January delivery declined by Rs 80, or 1.02 per cent, to Rs 7,708 per quintal with an open interest of 13,720 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 futures prices.



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