Coriander ends lower on muted demand

Coriander prices fell by 0.87 per cent to close at Rs 7,522 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.
Further, rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 66 or 0.87 per cent to end the day at Rs 7,522 per quintal with an open interest of 9,430 lots.
On similar lines, the spice for delivery in December traded lower by Rs 31, or 0.41 per cent, to Rs 7,480 per quintal in 3,750 lots.

Market analysts said offloading of positions by participants due to subdued demand in the spot market against adequate stocks position, mainly put pressure on coriander prices at futures trade.