Coriander moves down 3.08 pc in futures trade on low demand

Coriander prices fell by 3.08 per cent to Rs 5,504 per quintal in futures trade today as participants trimmed positions, triggered by muted domestic as well as export demand at the spot market.
Furthermore, expectations of good crop production from major growing belts fuelled the downtrend.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in June fell by Rs 175, or 3.08 per cent, to Rs 5,504 per quintal with an open interest of 58,160 lots.
Likewise, the spice for delivery in May traded lower by Rs 169, or 3.01 per cent, to Rs 5,443 per quintal in 2,440 lots.

Market analysts attributed the fall in coriander futures to lower demand in the physical market against adequate stocks position on increased supplies from producing regions.