Coriander down 2% on higher supply

Price for Dec delivery declined by Rs 184, or 1.84% to Rs 9,811 per quintal

Coriander prices fell 2.32% to Rs 9,301 per quintal in futures trade today as speculators offloaded their positions, tracking muted spot demand.

Besides, ample stock position on account of rising arrivals from major producing belts too weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in November fell Rs 221, or 2.32%, to Rs 9,301 per quintal with open interest of 10,830 lots.

The price for December delivery declined by Rs 184, or 1.84% to Rs 9,811 per quintal with open interest of 21,400 lots.

Market analysts said adequate stocks in the physical market against subdued demand mainly led to the fall in coriander futures prices.