Coriander futures fall 1.56 pc on sluggish demand

Coriander prices were down by 1.56 per cent at Rs 9,515 per quintal in futures trade today as speculators reduced positions, tracking a weak trend at spot market on subdued demand.
Besides, adequate stocks position in the physical market on higher supplies from producing region put pressure on coriander prices.
At the Multi Commodity Exchange, coriander for delivery in May month moved down by Rs 151 or 1.56 per cent to Rs 9,515 per quintal with an open interest of 36,860 lots.
Similarly, the spice for delivery in April contracts traded lower by Rs 145 or 1.55 per cent to Rs 9,225 per quintal in 4,730 lots.

Analysts said offloading of positions by speculators due to sluggish demand in the spot market against ample stocks positions on higher supplies from producing belts, mainly led to the fall in coriander prices at futures trade.