Coriander down 1.93% on adequate supply

Low demand contributes to downtrend

Coriander prices moved down by 1.93% to Rs 4,311 per quintal in futures trade today on adequate supply in the spot market against lower demand.

At the National Commodity Exchange, coriander for delivery in October fell by Rs 85, or 1.93%, to Rs 4,311 per quintal, with an open interest of 1,130 lots.

November coriander lost Rs 38, or 0.84%, to Rs 4,499 per quintal, with an open interest of 27,170 lots.

Marketmen said adequate supplies from producing belts in the spot market against lower demand kept pressure on coriander futures.