Coriander fall 1.56% on subdued demand

NEW DELHI: Coriander prices fell by Rs 70 to Rs 4,420 per quintal in futures trading today as traders trimmed positions, tracking a weak spot market trend on subdued demand.

Adequate stocks availability in the physical market following increased arrivals from producing belts also put pressure on coriander prices.

At the National Commodity and Derivative Exchange, coriander for delivery in November fell by Rs 70, or 1.56 per cent, to Rs 4,420 per quintal, with an open interest of 21,220 lots.

The spice for delivery in December lost Rs 56, or 1.20 per cent, to Rs 4,620 per quintal in 14,290 lots.

Marketmen said subdued demand in the spot market against adequate stocks position mainly kept pressure on coriander futures.