Coriander futures down 3.88% on subdued demand

Coriander prices fell by 3.88 per cent to Rs 7,045 per quintal in futures trade today as speculators trimmed their positions amid sluggish demand at the spot market.
Besides, ample stocks following arrival of new crop from major producing belts weighed on futures.
At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 284, or 3.88 per cent, to Rs 7,045 per quintal with open interest of 8,420 lots.
Coriander for delivery in January also declined by Rs 228, or 3.34 per cent to Rs 6,600 per quintal with an open interest of 1,140 lots.

Market analysts said adequate stocks in the physical market against subdued demand mainly led to the fall in coriander futures prices.