Coriander prices declined by 1.09 per cent to Rs 7,265 per quintal in futures trading today as traders cut down their bets, triggered by easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May fell by Rs 80, or 1.09 per cent, to Rs 7,265 per quintal with an open interest of 8550 lots.
In a similar fashion, the spice price for delivery in far-month June contracts traded lower by Rs 41, or 0.56 per cent, to Rs 7,291 per quintal in 19,230 lots.
Market analysts attributed the fall in coriander futures to tepid demand in the spot market against sufficient stocks on higher supplies from producing regions.
