Coriander futures fall 0.72 pc on subdued demand

Coriander prices fell 0.72 per cent to Rs 4,818 per quintal in futures market today as participants trimmed holdings in-line with subdued demand in the spot markets.

Further, increased arrivals from major producing belts weighed on the coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for August declined by Rs 35, or 0.72 per cent, to Rs 4,818 per quintal, with an open interest of 500 lots.

Similarly, rates for September were trading lower by Rs 31, or 0.63 per cent, to Rs 4,875 per quintal in 38,950 lots.

Market analysts attributed the fall in coriander futures to muted demand in the physical market against adequate stocks position on increased supplies from producing regions.