Coriander futures remain weak on higher supply

Coriander remained weak for the second straight day and prices fell further by 2.27 per cent to Rs 6,532 per quintal in futures market today as speculators indulged in reducing positions amidst higher supplies from producing belts.
At the Multi Commodity Exchange, coriander for delivery in May month fell by Rs 152, or 2.27 per cent to Rs 6,532 per quintal with an open interest of 13,570 lots.
Similarly, the spice for delivery in April contracts lost Rs 144, or 2.18 per cent at Rs 6461 per quintal in 25,330 lots.
Market analysts said offloading of positions by participants amid ample stocks on higher supplies from producing belts against low spot market demand, mainly kept coriander prices lower at futures trade.