Coriander futures fall 1.97% as demand weakens

Coriander prices were down 1.97 per cent to Rs 9,325 per quintal in futures trading today as speculators trimmed their positions, taking negative cues from the spot market on muted demand.
Ample stocks in the physical market on higher supplies from major producing regions too weighed on coriander prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in November month dropped by Rs 187, or 1.97 per cent, to Rs 9,325 per quintal with an open interest of 6,610 lots.
Similarly, the spice for delivery in December contracts moved down by Rs 116, or 1.16 per cent to Rs 9,917 per quintal in 27,740 lots.

Market analysts said offloading of positions by traders on the back of sluggish demand in the spot market against adequate stocks position on higher supplies from producing regions mainly pulled down coriander prices at futures trade.