Coriander futures plunge 4%, hit lower circuit

Coriander prices plunged by 4 per cent to hit lower circuit at Rs 11,611 per quintal in futures trade today as speculators reduced holdings amid persistent supplies from producing belts against subdued demand.
At the Multi Commodity Exchange, coriander for delivery in January next year dipped by Rs 483, or 4 per cent, to Rs 11,611 per quintal with an open interest of 7,070 lots.
Market analysts said adequate stocks at spot market on increased supplies from producing belts against weak demand mainly kept pressure on coriander prices at futures trade.