Muted demand drags coriander futures by 2.55 pc

Coriander prices softened by 2.55 per cent to Rs 6,809 per quintal in futures trade today as speculators trimmed their exposure on muted demand in the spot market.
Rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery this month declined by Rs 178, or 2.55 per cent, to Rs 6,809 per quintal with an open interest of 1,660 lots.
On a similar line, the spice for delivery in May month contract was trading lower by Rs 39, or 0.56 per cent, to Rs 6,900 per quintal in 60,090 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.