Coriander down 0.78% on adequate supply

Coriander prices declined by Rs 38 to Rs 4,832 per quintal in futures trade today as speculators offloaded positions, driven by sluggish spot market demand.

Adequate supplies following increased arrivals from producing belts also put pressure on coriander futures.

At the National Commodity and Derivative Exchange, December coriander declined by Rs 38, or 0.78%, to Rs 4,832 per quintal, with an open interest of 25,880 lots.

The January delivery shed Rs 29, or 0.58%, to Rs 4,955 per quintal, with an open interest of 11,330 lots.

Marketmen said adequate stocks availability in the spot market against subdued demand mainly influenced coriander prices at futures trade.