Coriander futures down on weak demand

NEW DELHI: Coriander futures prices today traded lower by Rs 28 to Rs 3,590 per quintal due to weak demand in the spot market against adequate supply.

At the Multi Commodity Exchange, coriander for delivery in July declined by Rs 28,or 0.77 per cent to Rs 3,590 per quintal, with an open interest of 25,110 lots.

Likewise, the spice for delivery in June traded lower by Rs 13, or 0.37 per cent, to Rs 3,480 per quintal in 4,790 lots.

Market analysts attributed the decline in coriander futures prices to weak demand in the spot market against adequate supplies from producing belts.