Coriander futures fall 1.17% on muted demand

NEW DELHI: Coriander prices fell 1.17 per cent to Rs 6,503 per quintal in futures trade today as speculators offloaded their positions, driven by sluggish demand in the spot market.

Besides, ample stock positions following higher supplies from major producing belts also influenced coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in May fell by Rs 77, or 1.17 per cent, to Rs 6,503 per quintal with open interest of 5,330 lots.

The price for April delivery declined by Rs 59, or 0.92 per cent to Rs 6,375 per quintal with open interest of 16,030 lots.

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