Coriander prices softened by 1.27 per cent to Rs 6,900 per quintal in futures market today as speculators trimmed their exposure, triggered by subdued demand in the spot market against sufficient stocks position.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in May month declined by Rs 89, or 1.27 per cent, to Rs 6,900 per quintal with an open interest of 7,970 lots.
On a similar line, the spice for delivery in April contracts was trading lower by Rs 79, or 1.15 per cent, to Rs 6,775 per quintal in 30,750 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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