Coriander futures fall 0.73% on muted demand

NEW DELHI, June 22: Coriander prices fell 0.73 per cent to Rs 4,584 a quintal in futures market today as participants trimmed their holdings on the back of easing demand at the spot markets.

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

At the National Commodity and Derivatives Exchange, coriander prices for delivery in July declined by Rs 34, or 0.73 per cent, to Rs 4,584 per quintal with an open interest of 31,740 lots.

Similarly, rates for August was trading lower by Rs 24, or 0.51 per cent, to Rs 4,655 per quintal in 6,760 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)