Coriander prices tumbled 3.31 per cent to Rs 8,168 per quintal in futures trading today as speculators offloaded their positions, driven by muted demand in the spot market against sufficient stocks.
At the National Commodity and Derivatives Exchange, coriander for delivery in January month plunged Rs 280, or 3.31 per cent to Rs 8168 per quintal with an open interest of 3940 lots.
Similarly, the spice for delivery in April contracts traded lower by Rs 158, or 2.01 per cent to Rs 7,690 per quintal in 30 lots.
Market analysts said tepid demand in the spot market against adequate stocks position on higher supplies from producing belts mainly pulled down coriander prices at futures trade.
