Muted demand drags coriander futures by 1.68%

Coriander prices softened by 1.68 per cent to close at Rs 7,184 per quintal in futures market today as speculators trimmed their exposure, triggered by muted demand in the spot market against sufficient stocks position.
Further, rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May month declined by Rs 123, or 1.68 per cent, to Rs 7,184 per quintal with an open interest of 58,680 lots.
On a similar line, the spice for delivery this month contracts was trading lower by Rs 89, or 1.24 per cent, to end at Rs 7,086 per quintal in 5,600 lots.

Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.