Coriander futures shed 0.92 pc on weak demand, adequate supply

NEW DELHI: Coriander prices fell by 0.92 per cent to Rs 7,000 per quintal in futures trade today after speculators trimmed positions due to weak demand in the spot market amid higher supply.

At the Multi Commodity Exchange, coriander for delivery in November declined by Rs 65, or 0.92 per cent, to Rs 7,000 per quintal with an open interest of 280 lots.

Likewise, the spice for delivery in December traded lower by Rs 39, or 0.54 per cent, to Rs 7,230 per quintal in 27,660 lots.

Analysts said the fall in coriander prices was mostly due to offloading of positions by speculators due to sluggish demand in the spot market against adequate supplies from producing regions.