Coriander dips 0.27% on subdued demand

Coriander prices fell 0.27 per cent to Rs 6,715 a quintal in futures market Friday as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.

Besides, increase in supply from major producing regions and profit-booking at higher levels weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in April declined by Rs 18, or 0.27 per cent, to Rs 6,715 per quintal with an open interest of 27,680 lots.

On similar lines, rate for May was trading lower by Rs 22, or 0.32 per cent, to Rs 6,789. The open interest of the contract stood at 1,050 lots.

Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.