Coriander down 0.7% on low demand, higher supply

Spice for delivery in February lost 0.73%

Coriander prices moved down by 0.74% to Rs 9,205 per quintal in futures trade today as speculators reduced their positions.

At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 69, or 0.74%, to Rs 9,205 per quintal with an open interest of 42,530 lots.

Similarly, the spice for delivery in February lost Rs 60, or 0.73%, to Rs 8,185 per quintal in 13,760 lots.

Market analysts said speculators reduced their positions on low demand in the spot market against higher supplies from producing regions which led to decline in coriander prices at futures trade.