Coriander sheds 0.4% on low demand

Ample stock position following rising arrivals from major producing belts too weigh on prices

Coriander prices fell 0.43 per cent to Rs 11,640 per quintal in futures trade today as speculators trimmed their positions, tracking a weak trend at the spot markets due to subdued demand.

Besides, ample stock position following rising arrivals from major producing belts too weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in November fell Rs 51, or 0.43 per cent, to Rs 11,640 per quintal with open interest of 19,270 lots.

The October contract eased by Rs 44, or 0.38 per cent to Rs 11,472 per quintal with open interest of 43,550 lots.
 
Market analysts said fall in demand against ample stocks in the physical market mainly led to the fall in coriander futures prices.