Coriander futures fall 1.70% on muted demand

Coriander prices fell by 1.70 per cent to Rs 6,875 per quintal in futures trade today as speculators cut down their bets amid subdued demand at the spot market.
Besides, ample stock position following increased arrivals from major producing belts also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July fell by Rs 119 or 1.70 per cent to Rs 6,875 per quintal with an open interest of 6,300 lots.
Also, the price for June delivery declined by Rs 88 or 1.27 per cent to Rs 6,825 per quintal with an open interest of 15,350 lots.

Market analysts said adequate stocks position in the physical market against low demand mainly led to fall in coriander futures prices.