Coriander futures extend losses on low demand, shed 1.45%

Coriander prices were down by 1.45 per cent to Rs 7,620 per quintal in futures trade today as traders engaged in reducing their positions, taking negative cues from spot market on muted demand.
Furthermore, adequate stocks position following rising arrivals from major producing belts too added pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in November month declined by Rs 112, or 1.45 per cent to Rs 7,620 per quintal with an open interest of 8,170 lots.
Similarly, the spice for delivery in December contracts traded lower by Rs 62, or 0.80 per cent to Rs 7,656 per quintal in 5,430 lots.

Market analysts said offloading of positions by participants owing to slackened demand in the spot market against ample stocks position mainly kept coriander prices lower at futures trade.