Muted demand drags down coriander futures 1.72 pc

Coriander prices fell by 1.72 per cent to Rs 4,950 a quintal in futures market today as participants cut down positions amid muted domestic and export demand against ample stocks position.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in December declined by Rs 87, or 1.72 per cent, to Rs 4,950 per quintal, with an open interest of 37,640 lots.

On similar lines, the contract for the current month was trading lower by Rs 63, or 1.27 per cent, to Rs 4,872 per quintal in 3,360 lots.

Market analysts attributed the fall in coriander futures to subdued 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.)