Coriander falls on low demand, increased arrivals

NEW DELHI:Coriander prices fell by 0.48 per cent to Rs 9,250 per quintal in futures trade today as speculators reduced positions due to sluggish demand in the spot markets.

Besides, adequate stocks position in the physical market due to higher arrivals from producing belts also put pressure on coriander prices.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in May fell by Rs 45, or 0.48 per cent, to Rs 9,250 per quintal with an open interest of 4,050 lots.

In a similar fashion, June contracts declined by Rs 42, or 0.44 per cent, to Rs 9,594 per quintal with an open interest of 43,260 lots.

Market analysts said adequate stocks in the physical market against sluggish demand led to the fall in coriander prices.