 "Coriander down 0.9% on sluggish demand, adequate supply")
Coriander futures slid by 0.96% to Rs 5770 per quintal in futures trading today as speculators reduced their holdings due to sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivative Exchange, coriander for delivery in September fell by Rs 56, or 0.96% to Rs 5,770 per quintal with an open interest of 19,870 lots.
Similarly, coriander for delivery in October declined by Rs 56, or 0.94% to Rs 5,895 per quintal in 11,680 lots.
Market analysts said speculators trimmed their holdings due to sluggish demand in the spot market against adequate supplies from producing region which mainly led to decline in coriander prices at futures trade.
At the National Commodity and Derivative Exchange, coriander for delivery in September fell by Rs 56, or 0.96% to Rs 5,770 per quintal with an open interest of 19,870 lots.
Similarly, coriander for delivery in October declined by Rs 56, or 0.94% to Rs 5,895 per quintal in 11,680 lots.
Market analysts said speculators trimmed their holdings due to sluggish demand in the spot market against adequate supplies from producing region which mainly led to decline in coriander prices at futures trade.