Coriander down 0.3% on weak demand, adequate stocks

Price for August declined by 0.31%

Coriander prices fell by 0.33% to Rs 10,600 per quintal in futures trade today as speculators reduced positions amidst subdued demand in the spot markets.

Besides, adequate stocks position in the physical markets on increased arrivals from producing belts also put pressure on coriander prices.

At the National Commodity and Derivatives Exchange, coriander for delivery in July eased by Rs 35, or 0.33%, to Rs 10,600 per quintal with an open interest of 27,560 lots.

The price for August declined by Rs 34, or 0.31%, to Rs 10,908 per quintal with an open interest of 29,470 lots.

Market analysts said adequate availability of stocks in the physical markets against subdued demand led to the fall in coriander futures.