Coriander tumbles 4.33% on muted demand

Coriander prices plunged over 4 per cent to transact at Rs 7,143 per quintal in futures trade today as speculators trimmed their positions, driven by sluggish demand in the spot market against adequate stocks.
At the National Commodity and Derivatives Exchange, coriander for delivery in January dropped by Rs 323 or 4.33 per cent to Rs 7,143 per quintal with an open interest of 16,540 lots.
Market analysts said offloading of positions by participants due to decline in demand in the spot market against sufficient stocks mainly pulled down coriander prices at futures trade.