Low demand drags down coriander futures by 1.41%

Coriander prices fell 1.41 per cent to Rs 7,254 per quintal in futures trading today as participants cut down their bets, driven by easing demand in the spot market.
Besides, ample stock position on the back of higher supplies from major producing belts weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander for delivery in November month fell by Rs 104, or 1.41 per cent to Rs 7,254 per quintal with an open interest of 690 lots.
Likewise, the spice price for delivery in October contracts traded lower by Rs 82, or 1.10 per cent to Rs 7,403 per quintal in 14,020 lots.

Analysts attributed the fall in coriander futures to sluggish demand in the spot market against sufficient stocks on higher supplies from producing regions.