The commodity for November delivery declined by 1.74%
Coriander prices fell by 2% to Rs 5,570 per quintal in futures trade today as speculators booked profits at existing higher levels on falling demand in spot markets against increased arrivals.
Besides, sluggish demand in the physical market also weighed on prices.
At the Multi Commodity Exchange, coriander for delivery in October fell by Rs 114, or 2%, to Rs 5,570 per quintal with an open interest of 21,440 lots.
The commodity for November delivery declined Rs 102, or 1.74%, to Rs 5,730 per quintal with an open interest of 5,020 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market mainly attributed fall in coriander prices.
Iran has emerged as the largest buyer of Indian oilmeal, the commodity used largely as bird and animal feed