Coriander down by 1.9% on increased supply, subdued demand

Coriander prices moved down by 1.93% to Rs 5,590 per quintal in futures market today as speculators trimmed positions, tracking a weak trend at spot market on subdued demand against increased supplies.

 

At the National Commodity and Derivatives Exchange, coriander for delivery in September month fell by Rs 110, or 1.93% to Rs 5,590 per quintal with an open interest of 18,990 lots.

 

Similarly, the spice for delivery in October traded lower by Rs 103, or 1.77% to Rs 5,732 per quintal in 12,940 lots.

 

Market analysts said speculators trimmed their positions, tracking a weak trend at spot market on subdued demand against increased supplies from producing region mainly kept pressure on coriander prices at futures trade.