Coriander futures fall 1.16% on subdued demand

Coriander prices fell by 1.16 percent to Rs 4,843 per quintal in futures market today as participants trimmed holdings, in line with subdued demand at the spot market.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in September contract declined by Rs 57, or 1.16 percent, to Rs 4,843 per quintal with an open interest of 38,210 lots.

Similarly, the spice for delivery in October was trading lower by Rs 60, or 1.13 percent, at Rs 5,238 per quintal in 7,290 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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)