Coriander May Contracts Decline to Rs 7,904 per Quintal on NCDEX
Coriander prices saw a slight dip in futures trading on Tuesday, dropping by Rs 34 to reach Rs 7,904 per quintal. This reduction came as speculators trimmed their positions due to weak demand observed in the spot markets.
On the National Commodity and Derivatives Exchange (NCDEX), coriander futures contracts slated for May delivery fell by Rs 34 or 0.43 percent, settling at Rs 7,904 per quintal. Trading volumes reached 10,315 lots during the session.
Market analysts attributed the price decrease to subdued buying activity in physical markets, resulting in speculators cutting down their exposure in futures contracts.
This decline indicates cautious sentiment among traders, highlighting uncertainty over near-term demand trends for coriander in domestic markets.
