Coriander prices witnessed a decline on Friday, falling by Rs 46 to settle at Rs 8,146 per quintal in the futures market, as traders reduced their exposure due to subdued demand in the physical market.
On the National Commodity and Derivatives Exchange (NCDEX), coriander futures contracts for delivery in April decreased by Rs 46, representing a drop of 0.56 percent. The contracts closed the session at Rs 8,146 per quintal, with a total turnover of 21,190 lots.
Market analysts attributed the fall in coriander prices primarily to weakened spot-market demand. The lower buying activity in physical markets compelled speculators to cut down their positions, directly impacting futures prices negatively.
The trend reflects caution among traders, anticipating continued softness in physical coriander demand in the coming weeks.
