Coriander down on weak demand

Adequate supply in markets capped the losses

Coriander futures prices today traded lower by Rs 28 to Rs 3,590 per quintal due to weak demand in the spot market against adequate supply.

At the MCX, coriander for delivery in July declined by Rs 28,or 0.77% to Rs 3,590 per quintal, with an open interest of 25,110 lots.

The June contract traded lower by Rs 13, or 0.37%, to Rs 3,480 per quintal in 4,790 lots.

Market analysts attributed the decline in coriander futures prices to weak demand in the spot market against adequate supplies from producing belts.