Coriander plunges 4%, hits lower circuit on low demand

Coriander prices tumbled 4 per cent to hit lower circuit at Rs 10,089 per quintal in futures trade today as speculators offloaded positions, triggered by subdued demand in the spot market amid adequate stocks on increased arrivals from producing belts.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in December fell Rs 420, or 4 per cent, to hit lower circuit at Rs 10,089 per quintal, with an open interest of 28,950 lots.
Also, coriander for delivery in January 2016 was trading lower by Rs 404, or 3.95 per cent, to Rs 9,823 per quintal, having an open interest of 10,280 lots.

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