Over the course of futures trading, the price of coriander suffered a decrease of Rs 80, ultimately reaching a price of Rs 8,238 per quintal. 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.
The contracts for coriander that were due for delivery in November on the NCDEX witnessed a decline of Rs 80, which reflected a decrease of 0.97%. This resulted in the price falling to Rs 8,238 per quintal across a volume of 10,150 lots.
Analysts of the industry said that a poor demand in the spot market was a contributing factor in the decline in coriander prices that was witnessed in this region.