Muted demand drags down coriander futures 2.59 pc

Coriander prices fell by 2.59 per cent to Rs 5,150 per quintal in futures market today as participants reduced holdings, triggered by muted domestic as well as export demand in the spot market against sufficient stocks position.
Furthermore, increased arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July declined by Rs 137, or 2.59 per cent, to Rs 5,150 per quintal, with an open interest of 28,450 lots.
On similar lines, the spice for August was trading lower by Rs 133, or 2.47 per cent, to Rs 5,250 per quintal, with an open interest of 17,170 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.