Muted demand drags down coriander futures 1.85%

Coriander prices fell by 1.85 per cent to Rs 4,925 per quintal in futures market today as participants cut down their bets, triggered by muted domestic as well as export demand.
Besides, higher supplies at the physical markets from major producing belts also weighed on prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery this month declined by Rs 93, or 1.85 per cent, to Rs 4,925 per quintal, with an open interest of 780 lots.
On similar lines, the spice for delivery in July was trading lower by Rs 43, or 0.86 per cent, to Rs 4,940 per quintal, with an open interest of 44,300 lots.

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