Coriander futures shed 1.06% on higher arrivals

Hopes of higher output also drags coriander

Coriander prices today fell by Rs 44 to Rs 4,090 per quintal in futures trade on profit-booking by the traders, due to higher arrivals from the fresh crop along with hopes of higher outputs.

At the MCX, coriander for the most active June contract fell by Rs 44, or 1.06%, to Rs 4,090 per quintal with open interest of 9,170 lots, while May delivery eased by Rs 36, or 0.95% to Rs 3,940 per quintal, with open interest of 21,480 lots.

The fall in coriander futures prices was mostly due to traders booking profit amid higher arrivals from the fresh crop along with hopes of higher outputs.

Analysts said higher production and increased arrival in the physical market also put pressure on the prices.