Coriander futures dip 3.45 pc on higher supply

Coriander prices dipped 3.45 per cent to Rs 4,080 per quintal in futures trading today on adequate supplies in the physical market against subdued demand.

At the National Commodity and Derivatives Exchange,coriander for delivery in September shed Rs 146,or 3.45 per cent,to Rs 4,080 per quintal,with an open interest of 890 lots.

Similarly,the spice for delivery in October lost Rs 109,or 2.54 per cent,to Rs 4,175 per quintal,with an open interest of 25,000 lots.

Marketmen said adequate stocks following increased supplies in the spot market against subdued demand mainly pulled down coriander prices at futures trade.