 "Coriander down 1.6% on increased supply, low demand")
Coriander prices fell by 1.63% to Rs 9,357 per quintal in futures trade today as speculators offloaded positions, triggered by increased supplies against sluggish spot market demand.
At the National Commodity and Derivatives Exchange, coriander for delivery in May fell by Rs 155, or 1.63% to Rs 9,357 per quintal with an open interest of 35,040 lots.
Likewise, the spice for delivery in June lost Rs 155, or 1.59% to Rs 9,620 per quintal in 32,570 lots.
Analysts said the fall in coriander prices at futures trade was mostly attributed to increased supplies from producing belts against subdued demand at spot markets.
At the National Commodity and Derivatives Exchange, coriander for delivery in May fell by Rs 155, or 1.63% to Rs 9,357 per quintal with an open interest of 35,040 lots.
Likewise, the spice for delivery in June lost Rs 155, or 1.59% to Rs 9,620 per quintal in 32,570 lots.
Analysts said the fall in coriander prices at futures trade was mostly attributed to increased supplies from producing belts against subdued demand at spot markets.