Coriander futures slump 2% on low demand

Coriander futures slump 2% on low demand

NEW DELHI: Coriander prices on Monday fell by Rs 152 to Rs 6,634 per quintal in futures trade as speculators reduced their positions amid weak demand at spot market.

On the National Commodity and Derivatives Exchange, coriander contracts for May eased by Rs 152, or 2.24 per cent, to Rs 6,634 per quintal in 8,410 lots.

For June delivery, the price decreased by Rs 172, or 2.5 per cent, to Rs 6,716 per quintal in 1,165 lots.

Market analysts said subdued demand in spot market mainly led to decline in coriander prices here.

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