Coriander futures slide 2.50 pc on low demand

Coriander prices declined by 2.50 per cent to Rs 4,370 per quintal in futures trading today as participants cut down positions, tracking a fall in demand at the spot market.

Ample stocks position on increased arrivals from growing regions too fulled the downtrend.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in October month fell by Rs 112, or 2.50 per cent to Rs 4,370 per quintal with an open interest of 12,140 lots.

Likewise, the spice for delivery in November contract traded lower by Rs 105, or 2.14 per cent to Rs 4,799 per quintal in 28,540 lots.

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

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