Coriander down 0.7% on subdued demand

Coriander futures prices fell by Rs 28 to Rs 3,796 per quintal today, as traders and speculators remained net sellers, driven by weak spot demand.

At the Multi Commodity Exchange, coriander for February contract fell by Rs 28, or 0.73%, to Rs 3,796 per quintal, with a trading volume of 11,870 lots, while March delivery prices eased by Rs 12, or 0.52% to Rs 4,017 per quintal, with an open interest of 12,050 lots.

The fall in coriander futures prices was mostly attributed as traders and speculators were remained net sellers due to weak demand in the spot market, traders said.

 

They said increased arrival in the physical market also put pressure on the prices.