Coriander futures fall 2.64% as investors take profit

Coriander prices fell 2.64 per cent to Rs 6,900 per quintal in futures trade today as speculators exited higher levels after demand softness in spot markets due to increased arrivals.
Sentiment remained weak. At the National Commodity and Derivatives Exchange, coriander for delivery this month fell by Rs 187, or 2.64 per cent, to Rs 6,900 per quintal with an open interest of 2,460 lots.
The spice for May slumped by Rs 176, or 2.45 per cent, to Rs 7,016 per quintal with an open interest of 60,710 lots.
Analysts said that besides profit-booking at the existing higher levels, muted demand in the spot market led to the fall in prices of coriander futures.