Coriander moves down 2.33% in futures trade on low demand

Coriander prices fell by 2.33 per cent to Rs 5,375 per quintal in futures trade today as participants trimmed positions, triggered by muted domestic as well as export demand at the spot market.

Furthermore, expectations of good crop production from major growing belts fuelled the downtrend.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in July fell by Rs 128, or 2.33 per cent, to Rs 5,375 per quintal, with an open interest of 11,880 lots.

Likewise, the spice for delivery in June traded lower by Rs 112, or 2.08 per cent, to Rs 5,272 per quintal in 47,970 lots.

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

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)