Coriander futures slump 1.66% on muted demand

Coriander prices fell 1.66 per cent to Rs 7,325 per quintal in futures trade today as speculators reduced their positions on the back of subdued demand in the spot market.
Besides, adequate stocks availability in the physical market due to rising new crop arrivals from major producing belts too influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 124, or 1.66 per cent, to Rs 7,325 per quintal with open interest of 8,180 lots.
The price for January delivery declined by Rs 88, or 1.26 per cent to Rs 6,910 per quintal with open interest of 3,420 lots.

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