Low demand drags down coriander futures by 2.07%

Coriander prices declined by 2.07 per cent to Rs 7,004 per quintal in futures market today as speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand.
Besides, ample stock position on increased supplies from major producing belts put pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May month drifted lower by Rs 148, or 2.07 per cent to Rs 7,004 per quintal with an open interest of 17040 lots.
Likewise, the spice for delivery in far-month June contracts traded lower by Rs 126, or 1.76 per cent to Rs 7,050 per quintal in 16,490 lots.

Anlysts said the fall in coriander fututres was due to easing demand in the spot market against adequate stocks position.