Coriander falls on subdued demand

Adequate supply also took prices lower

Coriander prices declined by Rs 52 to Rs 3,605 per quintal in futures trade today on sluggish demand against adequate stocks.

At the National Commodity Exchange, coriander for delivery in July declined by Rs 52, or 1.42%, to Rs 3,605 per quintal, with an open interest of 22,500 lots.

The August contract shed Rs 51, or 1.36%, to Rs 3,705 per quintal, with an open interest of 7,500 lots.

Analysts said speculators offloaded their positions on the back of subdued demand in the spot market against adequate availability, pulling down coriander prices at futures market.