Coriander futures remain low on easing spot demand

Coriander prices continued to slide and fell by another 2.90 per cent to Rs 4,880 per quintal in futures trade today as speculators trimmed their positions, tracking muted domestic as well as export demand in the spot market.
Further, adequate stocks position on increased supplies from major producing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July fell by Rs 146, or 2.90 per cent, to Rs 4,880 per quintal, with an open interest of 28,030 lots.
Likewise, the spice for delivery in June traded lower by Rs 133, or 2.69 per cent, to Rs 4,794 per quintal in 29,360 lots.

Market analysts attributed the fall in coriander futures to persistent offloading of positions by participants amid lower domestic as well as export demand against adequate stocks position on increased supplies from producing regions.