Coriander futures fall on subdued demand

Coriander prices fell 1.34 per cent to Rs 5,142 per quintal in futures market Tuesday as participants trimmed holdings, in line with subdued demand at the spot market.

Furthermore, increased arrivals from major producing belts weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for delivery in October declined by Rs 70, or 1.34 per cent, to Rs 5,142 per quintal with an open interest of 27,160 lots.

Similarly, the spice for delivery in the current month was trading lower by Rs 45, or 0.95 per cent, at Rs 4,690 per quintal in 10,540 lots.

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