Coriander futures extends fall, dip 2.73 pc on muted demand

Coriander prices declined by 2.73 per cent to closed at Rs 5,199 per quintal in futures trade today as participants cut down their bets amid muted domestic as well as export demand at the spot market.
Further, increased supplies from major producing regions also weighed on coriander futures.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 146, or 2.73 per cent, to close at Rs 5,199 per quintal, with an open interest of 1,500 lots.
Likewise, the spice for delivery in January month fell by Rs 106, or 1.96 per cent, to finish at Rs 5,312 per quintal in 42,300 lots.

Market analysts attributed the fall in coriander futures to lower demand in the physical market against adequate stocks position on increased supplies from producing regions.