MUMBAI (Commodity Online): Coriander futures fell Thursday on subdued demand in the physical markets amid weak export demand.
In NCDEX coriander March contract is trading at Rs.4090 per quintal, lower by 0.51 per cent on 15:00 IST against the previous close.
In the morning session the contract traded at a range of Rs.4058-4150 per quintal. Open interest of the contract is 17790 lots and volume traded is 4170 lots for the time being.
As per market source, improved demand from local spice firms for the new crop pushed up prices. Lower than expected arrivals are also sustaining the prices uptrend.
On the other hand, there were reports that the buyers are staying away from the market expecting more fall in prices. Arrivals of new crop are likely to gain momentum by the end of March.
