Amid sluggish demand at domestic spot market and adequate stocks on increased supplies from producing regions, coriander prices drifted by 1.96 per cent to Rs 6,415 per quintal in futures trade today.
In addition, hopes of higher production due to favourable weather condition at major producing belts put pressure on coriander prices.
At the National Commodity and Derivatives Exchange, coriander for delivery in far-month May moved down by Rs 128, or 1.96 per cent, to Rs 6,415 per quintal, with an open interest of 2,220 lots.
On similar lines, the spice for delivery in April eased by Rs 77, or 1.21 per cent, to Rs 6,280 per quintal in 11,570 lots.
Market analysts attributed the fall in coriander futures to subdued demand in the spot market against sufficient stocks on higher supplies from producing regions mainly pulled down coriander prices at futures trade.
