Muted demand drags coriander futures by 1.73 pc

Coriander prices softened by 1.73 per cent to Rs 6,575 per quintal in futures trade today as participants cut down their bets, amid muted demand in the spot market.
Increased arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery June contracts declined by Rs 116, or 1.73 per cent, to Rs 6,575 per quintal with an open interest of 45,200 lots.
On a similar line, the spice for delivery this month contracts was trading lower by Rs 113, or 1.72 per cent, to Rs 6,454 per quintal in 29,710 lots.

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