Muted demand drags down coriander futures by 1.32%

Coriander prices fell by 1.32 per cent to Rs 5,736 per quintal in futures market today as participants reduced holdings, triggered by muted domestic as well as export demand in the spot market against sufficient stocks position.
Further, expectations of good crop also fuelled the downtrend.
At the National Commodity and Derivatives Exchange, coriander prices for delivery this month fell by Rs 77, or 1.32 per cent, to Rs 5,736 per quintal, with an open interest of 10,810 lots.
On similar lines, the spice for delivery in June was trading lower by Rs 72, or 1.22 per cent, to Rs 5,851 per quintal in 54,910 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.