Coriander futures slide on easing demand

NEW DELHI, Apr 27: Coriander prices slipped by 1.15 per cent to Rs 4,892 a quintal in futures market today as participants trimmed their holdings on the back of easing demand at the spot market.

Besides, increased supplies from major producing regions also fuelled the downtrend.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in June  declined by Rs 57, or 1.15 per cent, to Rs 4,892 per quintal, with an open interest of 8,050 lots.

On similar lines, rates for May contract was trading lower by Rs 55, or 1.12 per cent, to Rs 4,827 per quintal in 23,910 lots.

Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks on increased supplies from producing regions. (PTI)