 "Coriander declines 0.73% on higher supply, low demand")
Coriander prices fell 0.73 per cent to Rs 9,546 per quintal in futures trading today as speculators trimmed positions, driven by lower demand in the spot market against higher supplies from producing belts.
At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 70, or 0.73 per cent, to Rs 9,546 per quintal with an open interest of 15,960 lots.
The May contract traded lower by Rs 71, or 0.73 per cent, to Rs 9,722 per quintal in 42,410 lots.
Market analysts said reducing of positions by speculators due to subdued demand in the spot market against higher supplies from producing belts mainly pulled down coriander prices at futures trade.
At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 70, or 0.73 per cent, to Rs 9,546 per quintal with an open interest of 15,960 lots.
The May contract traded lower by Rs 71, or 0.73 per cent, to Rs 9,722 per quintal in 42,410 lots.
Market analysts said reducing of positions by speculators due to subdued demand in the spot market against higher supplies from producing belts mainly pulled down coriander prices at futures trade.