Coriander futures extends fall, down 4 pc on low demand

Coriander prices declined by 3.99 per cent to hit lower circuit and closed at Rs 5,418 per quintal in futures trade today as participants trimmed positions, triggered by muted domestic as well as export demand at the spot market.
Profit-booking at existing higher levels amid weaker domestic commodity market, dragged the prices further.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in January drifted down by Rs 225, or 3.99 per cent, to close at Rs 5,418 per quintal, with an open interest of 40,880 lots.
Likewise, the spice for delivery in current month declined by Rs 218, or 3.93 per cent, to finish at Rs 5,325 per quintal in 4,280 lots.

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