
During the futures market, the prices of coriander witnessed a decrease of Rs 106, ultimately reaching a level of Rs 8,496 per quintal to settle. The reason for this adjustment is that speculators have reduced their positions in reaction to the decreased demand that has been witnessed in the spot market.
On the National Commodity Exchange, the contracts for coriander that were due for delivery in November witnessed a decrease of Rs 106, which is equivalent to a decrease of 1.25%. This resulted in the price falling to Rs 8,496 per quintal, which covers a volume of 9,435 lots.
As a result of the lack of substantial demand within the spot market, market analysts have noted that the downward trajectory of coriander prices in this region has been attributed to by the lack of demand.