Coriander down 0.9% on increased supply

Commodity for delivery in June traded lower by 0.86%

Coriander prices moved down by 0.98% to Rs 9,354 per quintal in futures trade today as speculators offloaded positions amid increased supplies from producing regions.

At the National Commodity and Derivatives Exchange, coriander for delivery in May lost Rs 98, or 0.93%, to Rs 9,354 per quintal with an open interest of 28,900 lots.

In a similar fashion, the commodity for delivery in June traded lower by Rs 83, or 0.86%, to Rs 9,587 per quintal in 35,890 lots.

Analysts said the fall in coriander prices at futures trade was mostly due to increased supplies from producing belts against lower demand.