Coriander futures trade lower on subdued demand

Coriander futures traded down on NCDEX due to the subdued demand from retailers and stockists against adequate stocks. Besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. The contract for May delivery was trading at Rs 9355.00, down by 0.97% or Rs 92.00 from its previous closing of Rs 9447.00. The open interest of the contract stood at 28930.00 lots. The contract for June delivery was trading at Rs 9590.00, down by 0.83% or Rs 80.00 from its previous closing of Rs 9670.00. The open interest of the contract stood at 35880.00 lots on NCDEX.