Coriander prices declined by nearly 2 percent on Monday in the futures market as traders pared positions following subdued demand in the physical market.
April Contract Falls to Rs 10,650 per Quintal
On the National Commodity and Derivatives Exchange, coriander contracts for April delivery dropped by Rs 212, or 1.95 percent, to Rs 10,650 per quintal. The contract had settled at Rs 10,862 per quintal in the previous trading session.Open interest in the April contract stood at 15,375 lots, reflecting the extent of outstanding positions during the session.
Spot Market Weakness Pressures Futures
Market participants attributed the decline in coriander futures to weak demand conditions in the spot market. The soft physical demand prompted speculators to scale back their exposure, leading to price pressure in the derivatives segment.The latest movement highlights the close linkage between spot demand trends and price action in agricultural commodity futures on the exchange.
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