 "Coriander hits lower circuit, tumbles 4% on low demand")
Coriander prices plunged by Rs 382, or 4%, to hit the lower circuit at Rs 9,170 per quintal in futures trade today as speculators started offloading positions, taking negative cues from the spot market on sluggish demand.
Besides, adequate stocks in the physical market on higher supplies from producing belts weighed.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in December tumbled Rs 382, or 4%, to Rs 9,170 per quintal with an open interest of 19,390 lots.
Market analysts said besides muted demand in the spot market, adequate stock position on higher supplies from producing regions dragged down coriander prices.
Besides, adequate stocks in the physical market on higher supplies from producing belts weighed.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in December tumbled Rs 382, or 4%, to Rs 9,170 per quintal with an open interest of 19,390 lots.
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Similarly, the price for delivery in November contracts dropped Rs 360, or 3.99%, to Rs 8,656 per quintal in 17,800 lots.
Market analysts said besides muted demand in the spot market, adequate stock position on higher supplies from producing regions dragged down coriander prices.