Coriander prices dive 1.45 per cent on weak demand

NEW DELHI: Coriander prices fell by 1.45 per cent to Rs 9,333 per quintal in futures trade today as speculators reduced their positions on the back of subdued demand in the spot market. Besides, adequate stocks availability in the physical market on sufficient arrivals from producing belts also put pressure on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 137, or 1.45 per cent, to Rs 9,333 per quintal with open interest of 40,970 lots.

The price for May delivery declined by Rs 139, or 1.44 per cent, to Rs 9,498 per quintal with open interest of 30,920 lots. Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander futures prices.