Coriander down over 2% on subdued demand

October contract falls 1.98%

Coriander prices moved down by 2.08% to Rs 4,194 per quintal in futures trade today as speculators offloaded their positions, driven by subdued demand in the spot market at prevailing higher levels.

At the Multi Commodity Exchange, coriander for delivery in September declined by Rs 89, or 2.08%, to Rs 4,194 per quintal, with an open interest of 24,040 lots.

October coriander lost Rs 88, or 1.98%, to Rs 4,365 per quintal in 12,600 lots.

Marketmen said speculators offloaded their positions, tracking a weak trend at spot market on subdued demand at prevailing higher levels, which pulled down coriander prices at futures trade.