Coriander futures down 0.78% on adequate supply

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SummaryCoriander prices declined by Rs 38 to Rs 4,832 per quintal in futures trade.

Coriander prices declined by Rs 38 to Rs 4,832 per quintal in futures trade today as speculators offloaded positions, driven by sluggish spot market demand.

Adequate supplies following increased arrivals from producing belts also put pressure on coriander futures.

At the National Commodity and Derivative Exchange, coriander for delivery in December declined by Rs 38, or 0.78 per cent, to Rs 4,832 per quintal, with an open interest of 25,880 lots.

Likewise, the spice for delivery in January shed Rs 29, or 0.58 per cent, to Rs 4,955 per quintal, with an open interest of 11,330 lots.

Marketmen said adequate stocks availability in the spot market against subdued demand mainly influenced coriander prices at futures trade.

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