Coriander futures fall on subdued demand

Coriander prices fell 0.02 per cent to Rs 6,503 a quintal in futures market on december 7 as participants cut down positions amid muted domestic as well as exports demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in January declined by Rs 1, or 0.02 per cent, to Rs 6,503 per quintal with an open interest of 28,460 lots.

However, the contract for April 2019 delivery was trading higher at Rs 6,746 , by 0.96 per cent, or Rs 64. The open interest of the contract stood at 7,480 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.