Coriander futures falls 1.22% on muted demand

Coriander prices fell by 1.22 per cent to Rs 7,257 per quintal in futures trade today as speculators offloaded their positions 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 June fell by Rs 90 or 1.22 per cent to Rs 7,257 per quintal with an open interest of 9,400 lots.
The price for May delivery declined by Rs 75 or 1.02 per cent to Rs 7,270 per quintal with an open interest of 19,250 lots.

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