Muted demand drags down coriander futures by 1 per cent

Coriander prices softened by 1 per cent to close at Rs 6,825 per quintal in futures market today as speculators trimmed exposure, triggered by muted demand in the spot market against sufficient stocks position.
Further, rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May declined by Rs 69, or 1 per cent, to close at Rs 6,825 per quintal with an open interest of 52,760 lots.
On a similar line, the spice for delivery in June was trading lower by Rs 64, or 0.91 per cent, to end at Rs 6,950 per quintal in 12,870 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.