Coriander futures end 4 pc lower on weak demand

Coriander prices drifted lower by 3.95 per cent to close at Rs 4,405 per quintal in futures market today as participants cut down positions amid weak domestic as well as export demand.

Besides, higher supplies from major growing regions influenced coriander futures.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in the current month declined by Rs 181, or 3.95 per cent, to close at Rs 4,405 per quintal with an open interest of 7,570 lots.

On similar lines, the contract for October was trading lower by Rs 54, or 1.10 per cent, to end at Rs 4,839 per quintal and the open interest of the contract stood at 39,530 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 article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)