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Coriander futures trade lower on sluggish demand

Coriander futures traded lower on NCDEX as market participants cut down their bets amid sluggish demand for the standing crop at physical spot markets from stockists and bulk buyers. However, stringent stock supplies at stock houses due to restricted arrivals of coriander from major plantations following weak production activities limited some losses.

The contract for December delivery was trading at Rs 6560.00, lower by 0.74% or Rs 49.00 from its previous closing of Rs 6609.00. The open interest of the contract stood at 7160 lots.

The contract for January delivery was trading at Rs 6548.00, lower by 0.37% or Rs 24.00 from its previous closing of Rs 6572.00. The open interest of the contract stood at 4910 lots on NCDEX.

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