Coriander falls on low demand

NEW DELHI: Coriander prices fell by 0.54 per cent to Rs 9,357 per quintal in futures trade todayas speculators reduced their positions driven by subdued demand in the spot market.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in April fell by Rs 51, or 0.54 per cent, to Rs 9,357 per quintal with open interest of 35,930 lots.

The price for May delivery declined by Rs 51, or 0.53 per cent to Rs 9,545 per quintal with open interest of 39,800 lots.

Market analysts said adequate stocks in the market against subdued demand mainly led to the fall in coriander futures prices.