MUMBAI (Commodity Online): Coriander futures fell Monday on poor demand from the domestic as well as overseas buyers amid higher production estimates.
In NCDEX coriander February contract is trading at Rs.3947 per quintal, down by 3.98 per cent in the afternoon session against the previous close.
In the morning session the contract traded at a range of Rs.3947-4123 per quintal. Open interest of the contract is 15260 lots and volume traded is 4630 lots for the time being.
As per market source, the trading activities were limited in major spot markets as the traders are awaiting new crop arrivals. Meanwhile, supply concerns due to adverse weather conditions in major growing areas may limit sharp drop in prices.
Coriander acreage in Andhra Pradesh declined to 8506 hectares from 17968 hectares reported same period last year, showed latest data from the State Agriculture Department.
