Coriander falls 2.6% on sluggish demand

Adequate stocks influence prices

Coriander prices fell by Rs 131 to Rs 4,890 per quintal in futures trade today due to sluggish demand against the sufficient supplies from producing belts.

At the National Commodity Exchange, coriander for delivery in August fell by Rs 131, or 2.61%, to Rs 4,890 per quintal, with an open interest of 5,040 lots.

September coriander declined by Rs 130, or 2.55%, to Rs 4,975 per quintal in 33,050 lots.

The fall in coriander was due to sluggish demand in the spot market against adequate stocks position, marketmen said.