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Coriander prices moved down by 1.61% to Rs 6,651 per quintal in futures trading today as speculators reduced their holdings on sluggish demand in the spot market against adequate supplies from producing belt.
At the National Commodity and Derivative Exchange, coriander for delivery in November month moved down by Rs 109, or 1.61%, to Rs 6,651 per quintal with an open interest of 20,630 lots.
Similarly, the spice for delivery in December traded lower by Rs 100, or 1.44%, to Rs 6,830 per quintal in 6,550 lots.
Market analysts said off-loading of positions by speculators due to sluggish demand in the spot market against adequate supplies from producing regions, mainly weighed on coriander prices at futures trade.
