 "Coriander down 3.9% at Rs 12,523")
Coriander prices were down by 3.99 per cent to Rs 12,523 per quintal in futures trade today, taking weak cues from spot market on subdued demand.
Further, adequate stocks in the market on higher supplies from producing region put pressure on coriander prices.
At the Multi Commodity Exchange, coriander for delivery in June month hit lower circuit by dropping Rs 521, or 3.99 per cent to Rs 12,523 per quintal with an open interest of 34,140 lots.
Analysts said offloading of positions by speculators, driven by sluggish demand in the spot market against ample stocks positions, mainly led to the fall in coriander prices in futures trade.
Further, adequate stocks in the market on higher supplies from producing region put pressure on coriander prices.
At the Multi Commodity Exchange, coriander for delivery in June month hit lower circuit by dropping Rs 521, or 3.99 per cent to Rs 12,523 per quintal with an open interest of 34,140 lots.
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Likewise, the spice for delivery in July contracts plunged by Rs 536, or 3.99 per cent to Rs 12,881 per quintal in 24,910 lots.
Analysts said offloading of positions by speculators, driven by sluggish demand in the spot market against ample stocks positions, mainly led to the fall in coriander prices in futures trade.
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