Coriander falls by 1.3% on sluggish demand

Coriander fell by 1.26% to Rs 5,414 per quintal in futures trade today as speculators reduced their holdings on account of sluggish demand in the spot market against adequate stocks position.

 

At the Multi Commodity Exchange, coriander for delivery in September fell by Rs 69, or 1.26%, to Rs 5,414 per quintal with an open interest of 8,820 lots.

 

Similarly, the spice for delivery in August traded lower by Rs 60, or 1.11%, to Rs 5,369 per quintal in 20,670 lots.

 

Market analysts said speculators reduced their holdings on the back of sluggish demand in the spot market against adequate stocks position mainly kept pressure on coriander prices at futures trade.