Coriander futures soften 2.76%, hit by muted demand

Coriander prices were down by 2.76 per cent at Rs 4,475 per quintal in futures market today as speculators cut down bets, tracking subdued demand at the spot market.

Further, rising arrivals from major growing regions weighed on coriander futures.

At National Commodity and Derivatives Exchange, coriander prices for delivery in October declined by Rs 127, or 2.76 per cent, to Rs 4,475 per quintal, with an open interest of 19,770 lots.

The spice for delivery in far-month November traded lower by Rs 43, or 0.87 per cent, to end at Rs 4,888 per quintal, with an open interest of 23,510 lots.

Market analysts said liquidation of bets by participants due to subdued demand at the spot market along with adequate stock position influenced coriander prices.

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