Coriander futures hit lower circuit, plunge 4 per cent

Continuing its slide for yet another day, coriander prices slumped by 4 per cent to hit a lower circuit at Rs 5,860 per quintal in futures trading today as speculators engaged in cutting down bets amid subdued demand in the spot market.
Moreover, adequate stocks on increased supplies from major growing belts also dampened trading sentiments.
Traders said trimming of positions by participants on low demand in the spot markets against huge stock position weighed on the sentiments.
At the National Commodity and Derivatives Exchange, coriander for delivery this month slumped by Rs 244, or 4 per cent, to hit lower circuit at Rs 5,860 per quintal with an open interest of 27,820 lots.

Coriander for delivery in June too hit a lower circuit at Rs 5,975 per quintal, falling 4 per cent, having an open interest of 47,020 lots.