Muted demand drags down coriander futures by 2.15 pc

NEW DELHI, Oct 5: Coriander prices fell by 2.15 per cent to Rs 4,272 a quintal in futures market today as participants cut down positions amid muted domestic as well as 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 this month declined by Rs 94, or 2.15 per cent, to Rs 4,272 per quintal, with an open interest of 11,910 lots.

On similar lines, the contract for November was trading lower by Rs 88, or 1.83 per cent, to Rs 4,705 per quintal in 28,030 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. (PTI)