Coriander futures plunge 1.89% on muted demand

Coriander prices slumped by 1.89 per cent, or Rs 145, to Rs 7,522 per quintal in futures trade today on heavy speculative selling triggered by easing demand at the spot markets.
Besides, ample stock following increased arrivals from major producing belts weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in January fell by Rs 145, or 1.89 per cent, to Rs 7,522 per quintal, with an open interest of 10,880 lots.
The April 2017 contract of the spice traded lower by Rs 123, or 1.52 per cent, to Rs 7,960 per quintal in 2,660 lots.

Market analysts attributed the fall in coriander futures to tepid demand at spot market against sufficient stocks on higher supplies from producing regions.