Coriander futures slip 1.15% on muted demand

NEW DELHI: Coriander prices fell by 1.15 per cent to Rs 9,304 per quintal in futures trade today after speculators offloaded their positions following subdued demand at the spot markets.

Besides, ample stock position on account of rising arrivals from major producing belts too weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in November fell Rs 109, or 1.15 per cent, to Rs 9,304 per quintal, with an open interest of 23,240 lots.

The price for December delivery declined by Rs 87, or 0.88 per cent, to Rs 9,700 per quintal, with an open interest of 15,260 lots.

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