Coriander prices plunged by 1.58 per cent to Rs 7,170 per quintal in futures trade today as traders cut down their bets, triggered by easing demand at the spot market.
Besides, ample stocks position following rising arrivals from major producing belts also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in December fell by Rs 115, or 1.58 per cent, to Rs 7,170 per quintal, with an open interest of 1,350 lots.
In similar fashion, the spice price for delivery in November traded lower by Rs 74, or 1.02 per cent, to Rs 7,177 per quintal in 12,200 lots.
Market analysts attributed the fall in coriander futures to tepid demand at the spot market against sufficient stocks on higher supplies from producing regions.
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