Coriander futures falls on low demand, sufficient stocks

NEW DELHI: Coriander prices fell by Rs 243 to Rs 6,510 per quintal in futures trade today due to increased supply into the physical market.

At the Multi Commodity Exchange, Coriander for delivery in June fell by Rs 243, or 3.60 per cent to Rs 6,510 per quintal with an open interest of 2,670 lots.

The spice of July delivery fell by Rs 215, or 3.15 per cent, to Rs 6,600 per quintal with open interest of 27,960 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand against increased supplies in the spot market led to the fall in coriander futures prices.