Coriander tumbles 4.32% on low demand

Coriander prices plunged by Rs 416, or 4.32 per cent, to Rs 9,219 per quintal in futures trade today as speculators trimmed their positions, tracking a weak trend at the spot market on sluggish demand.
Besides, adequate stock in the physical market on higher supplies from major producing belts put pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in November month tumbled by Rs 416, or 4.32 per cent, to Rs 9,219 per quintal with an open interest of 26,130 lots.
On similar lines, the spice for delivery in December contracts traded lower by Rs 234, or 2.39 per cent, to Rs 9,573 per quintal in 14,050 lots.

Analysts attributed the sharp fall in coriander prices at futures trade to muted demand against adequate stocks position on higher supplies from producing belts.