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Coriander prices fell by 3% to Rs 6,566 per quintal in futures trading today as speculators trimmed their positions, driven by a weak demand in the spot market against increased supplies.
At the Multi Commodity Exchange, coriander for delivery in May dropped by Rs 203, or 3%, to Rs 6,566 per quintal, with an open interest of 540 lots.
The June contract of the spice lost Rs 76 to trade at Rs 6,813 per quintal in 25,650 lots.
Analysts said speculators reduced their positions on the back of weak demand in spot market against increased supplies from producing belts.
