Coriander futures decline on lower demand

Coriander prices declined by 1.89 per cent, or Rs 149, to Rs 7,720 per quintal in futures trade today as speculators reduced their exposure, tracking weak demand in the spot market against increased arrivals from major growing regions.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery this month fell by Rs 149, or 1.89 per cent, to Rs 7,720 per quintal with an open interest of 4,550 lots.
January contracts moved lower by Rs 146, or 1.83 per cent, to Rs 7,854 per quintal in 5,430 lots.
Market analysts attributed the fall in coriander futures to tepid demand at spot market against sufficient stocks on higher supplies from producing regions.