Coriander prices softened by 0.94 per cent to Rs 6,940 per quintal in futures market today as speculators trimmed their exposure, driven by subdued demand in the spot market against sufficient stocks position.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in April month declined by Rs 66, or 0.94 per cent, to Rs 6,940 per quintal with an open interest of 19,190 lots.
On a similar line, the spice for delivery in May contracts was trading lower by Rs 56, or 0.79 per cent, to Rs 7,031 per quintal in 2,100 lots.
Market analysts attributed the fall in coriander futures to sluggish demand in the physical market against adequate stocks position on increased supplies from producing regions.
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