Coriander declines on poor demand

High arrivals in the market also pulled prices down

Coriander futures prices today fell by Rs 77 to Rs 3,469 per quintal due to poor demand from the overseas markets along with higher supply in the spot market.

At the National Commodity Exchange, coriander for July contract fell by Rs 77, or 2.17%, to Rs 3,469 per quintal, with open interest of 22,940 lots, while June delivery eased by Rs 65, or 1.91% to Rs 3,335 per quintal with open interest of 8,310 lots.

The fall in coriander was mostly due to poor demand among exporters as well as in the spot market, traders said.

Reports of arrival of new crop into the spot market also influenced the market sentiment, they added.