xCoriander extend losses 2.30% in futures trade on low demand

Coriander prices fell further by 2.30 per cent to Rs 5,094 per quintal in futures trade today as participants engaged in trimming positions, triggered by muted domestic as well as export demand amid higher supplies from major producing belts.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in July fell by Rs 120, or 2.30 per cent, to Rs 5,094 per quintal, with an open interest of 22,370 lots.

Likewise, the spice for delivery in June traded lower by Rs 105, or 2.05 per cent, to Rs 5,027 per quintal in 34,720 lots.

Market analysts attributed the fall in coriander futures to continued offloading of positions by participants amid 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.)