Coriander prices fell sharply by 1.24 per cent to Rs 7,260 per quintal in futures trade Tuesday as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.
Besides, rising arrivals from major producing belts and profit-booking at higher levels weighed on the sentiment.
On the National Commodity and Derivatives Exchange, coriander for June delivery declined by Rs 91, or 1.24 per cent, to Rs 7,260 per quintal with an open interest of 20,920 lots.
Similarly, coriander contracts for July delivery traded down by Rs 96, or 1.29 per cent, at Rs 7,355 per quintal with an open interest of 15,410 lots.
Analysts attributed the fall in coriander prices to subdued demand in physical market against adequate stocks position on increased supplies from producing regions.
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