Coriander declines on poor spot demand

Overseas demand also pulled prices lower

Coriander prices fell by Rs 62 to Rs 4,036 per quintal in futures trade today on poor demand from the domestic as well as overseas markets against higher supply in the spot markets.

At the National Commodity Exchange, coriander for August delivery fell by Rs 62, or 1.51%, to Rs 4,036 per quintal, with an open interest of 21,600 lots.

For July delivery, the prices eased by Rs 47, or 1.16%, to Rs 3,991 per quintal, with an open interest of 1,890 lots.

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