 "Coriander down 2.8% on sluggish demand")
Coriander remained weak for the second straight day and prices fell further by 2.80% to Rs 9,225 per quintal in futures market today following offloading of positions by speculators against sluggish demand in the spot market.
Increased supplies from producing regions also put pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander for delivery in April fell further by Rs 266, or 2.80% to Rs 9,225 per quintal with an open interest of 41,580 lots.
Market analysts said offloading of positions by speculators triggered by sluggish demand in the spot market against increased supplies from producing belts mainly kept pressure on coriander prices at futures trade.
Increased supplies from producing regions also put pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander for delivery in April fell further by Rs 266, or 2.80% to Rs 9,225 per quintal with an open interest of 41,580 lots.
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Similarly, the spice for delivery in May lost Rs 271, or 2.80% to Rs 9,392 per quintal in 13,980 lots.
Market analysts said offloading of positions by speculators triggered by sluggish demand in the spot market against increased supplies from producing belts mainly kept pressure on coriander prices at futures trade.