Coriander futures shed 1.47% on muted demand

Coriander prices fell by 1.47 per cent to Rs 7,138 per quintal in futures trade today as speculators trimmed their positions, driven by sluggish demand in the spot market.
Besides, ample stock positions on higher supplies from major producing belts also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander for delivery in May fell by Rs 107, or 1.47 per cent, to Rs 7,138 per quintal with an open interest of 16,980 lots.
The price for June delivery declined by Rs 75, or 1.04 per cent to Rs 7,130 per quintal with open interest of 13,870 lots.

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