As a result of speculators reducing their holdings in reaction to the lack of demand in the spot market, the price of coriander has dropped by fifty rupees, reaching a final price of eight thousand three hundred and seventy-six rupees per quintal in futures trading.

Coriander contracts for December delivery on the NCDEX suffered a fall of Rs 50, which represents a drop of 0.60%, and ultimately settled at Rs 8,376 per quintal over 14,955 lots.

The downward trend in coriander prices in this region was attributed, according to market observers, to the fact that there was not a strong demand for the spice on the spot market.