 "Coriander down 1.1% on sluggish demand")
Coriander prices fell by 1.16% to Rs 8,800 per quintal in futures market today as speculators reduced their positions at existing higher levels driven by sluggish demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from producing region also put pressure on coriander prices.
At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 103, or 1.16% to Rs 8,800 per quintal with an open interest of 31,400 lots.
Market analysts said speculators reduced their positions at existing higher levels driven by sluggish demand in the spot market against increased supplies mainly kept pressure on coriander prices at futures trade.
Adequate stocks position in the physical market following increased arrivals from producing region also put pressure on coriander prices.
At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 103, or 1.16% to Rs 8,800 per quintal with an open interest of 31,400 lots.
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Similarly, the spice for delivery in February declined by Rs 86, or 1.07% to Rs 7,980 per quintal in 25,660 lots.
Market analysts said speculators reduced their positions at existing higher levels driven by sluggish demand in the spot market against increased supplies mainly kept pressure on coriander prices at futures trade.
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