Coriander prices falls 1.41 percent on Tuesday

Coriander prices fell 1.41 percent to Rs 5,082 per quintal in futures market Tuesday as participants trimmed holdings, in line with subdued demand at the spot market.

Furthermore, increased arrivals from major producing belts weighed on coriander futures.

At the National Commodity and Derivatives Exchange, coriander for delivery in November declined by Rs 73, or 1.41 percent, to Rs 5,082 per quintal with an open interest of 8,960 lots.

Similarly, the spice for delivery in October contract was trading lower by Rs 70, or 1.39 percent, at Rs 4,936 per quintal in 26,080 lots.

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