Muted demand drags down coriander futures by 1.86%

Coriander prices softened by 1.86 per cent to Rs 6,982 per quintal in futures market today as participants cut down their bets, driven by sluggish demand in the domestic spot market.
Further, higher arrivals from major producing belts also weighed on coriander prices.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May contract declined by Rs 130, or 1.86 per cent, to Rs 6,982 per quintal with an open interest of 54,620 lots.
On a similar line, the contract for April delivery was trading lower by Rs 105, or 1.49 per cent, to Rs 6,899 per quintal in 540 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.