Increased supplies weigh on Coriander future

Coriander prices fell by 2.03 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2014 contract were trading at Rs. 12,120 per quintal, down by 2.03 per cent, after opening at Rs. 12,000 against the previous closing price of Rs. 12,371. It touched the intra-day low of Rs. 11,960 till the trading. (At 12.54 PM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market.
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