Coriander, chana and castor dip in futures market

coriander prices for delivery in January declined by Rs 235, or 3.57 per cent, to Rs 6,349 per quintal with an open interest of 21,750 lots. Similarly, the contract for delivery in December was trading at Rs 6,610, down by 3.38 per cent, or Rs 231. The open interest of the contract stood at 9530 lots.

Chana prices dipped 1.41 per cent to Rs 4,488 per quintal in futures trade Tuesday as participants tightened their bets, taking muted cues from spot market on sluggish demand.

At the National Commodity and Derivatives Exchange, chana for delivery in January dipped Rs 64, or 1.41 per cent, to Rs 4,488 per quintal with an open interest of 38,340 lots.

Analysts said tightening of positions by traders due to slide in demand from dal mills in the physical market amid ample supplies mainly exerted pressure from chana prices.

Castor seeds: Castor seed prices softened by 0.34 per cent to Rs 5,256 per quintal in futures trade Tuesday after participants liquidated holdings in line with weak trend at the physical markets.

Marketmen said, taking negative lead from the spot markets due to ample stocks following persistent supplies against slackened demand from soap, paint and other consuming industriesNSE 2.97 %, led to the fall in castor seed futures prices.

At the National Commodity and Derivatives Exchange, castor seed for January declined by Rs 18, or 0.34 per cent, to Rs 5,256 per quintal, with an open interest of 1,42,3500 lots.

Castor seed for February, however, advanced by Rs 8, or 0.34 per cent, to Rs 5,338 per quintal, in the business turnover of 33,510 open interest lots.

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