Coriander trades lower on muted demand

Coriander prices fell by 2.02 per cent at Rs 7,810 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.
Further, increased arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in December declined by Rs 161, or 2.02 per cent, at Rs 7,810 per quintal, with an open interest of 5,080 lots.
On similar lines, the spice for delivery in January traded lower by Rs 114, or 1.42 per cent, to Rs 7,939 per quintal in 4,700 lots.
Market analysts said offloading of positions by participants due to subdued demand in the spot market against adequate stocks position on increased arrivals, mainly put pressure on coriander prices at futures trade.