Coriander prices fell by 2.06 per cent to close at Rs 5,606 per quintal in futures market today as participants reduced holdings, triggered by muted domestic as well as export demand in the spot market against sufficient stocks position.
Further, expectations of good crop from major growing belts also fuelled the downtrend.
At the National Commodity and Derivatives Exchange, coriander prices for delivery this month declined by Rs 118, or 2.06 per cent, to Rs 5,606 per quintal with an open interest of 50,420 lots.
On similar lines, the spice for delivery in June was trading lower by Rs 104, or 1.78 per cent, to end at Rs 5,725 per quintal in 1,690 lots.
Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
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