 "Coriander down 2% on increased supply")
Coriander prices plunged 2.05% to Rs 7,580 per quintal in futures trade today as speculators reduced positions amid increased supplies against weak demand in the spot market.
At the National Commodity and Derivative Exchange, coriander for delivery in January tumbled Rs 159, or 2.05% to Rs 7,580 per quintal with an open interest of 19,470 lots.
Similarly, the spice for delivery in December traded lower by Rs 128, or 1.71% to Rs 7,355 per quintal in 15,760 lots.
Analysts said adequate stocks following increased supplies from growing regions against subdued demand mainly put pressure on coriander prices at futures trade here.
At the National Commodity and Derivative Exchange, coriander for delivery in January tumbled Rs 159, or 2.05% to Rs 7,580 per quintal with an open interest of 19,470 lots.
Similarly, the spice for delivery in December traded lower by Rs 128, or 1.71% to Rs 7,355 per quintal in 15,760 lots.
Analysts said adequate stocks following increased supplies from growing regions against subdued demand mainly put pressure on coriander prices at futures trade here.