Coriander dips 0.97 percent on subdued demand

Coriander prices fell 0.97 percent to Rs 4,991 a quintal in futures market Friday as participants cut down positions amid muted domestic as well as the export demand against ample stocks position.

Besides, rising arrivals from major producing regions and profit-booking at higher levels weighed on the sentiment.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in far-month November declined by Rs 49, or 0.97 percent, to Rs 4,991 per quintal with an open interest of 9,460 lots.

On similar lines, rates for October was trading at Rs 4,845, down by 0.92 percent or Rs 45. The open interest of the contract stood at 22,240 lots.

Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.