Coriander futures edge lower 2.09% on subdued demand

Coriander prices fell by 2.09 per cent to Rs 6,500 per quintal in futures trade today as speculators offloaded their positions following a subdued demand at the spot market.
Besides, ample stock position following increased arrivals from major producing belts too influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 139, or 2.09 per cent, to Rs 6,500 per quintal, with an open interest of 16,410 lots.
The price for May delivery declined by Rs 136, or 2.02 per cent, to Rs 6,599 per quintal, with an open interest of 5,290 lots.

Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander prices.