Coriander futures trade lower on sluggish demand

Coriander futures traded down on NCDEX as speculators reduced positions due to sluggish demand in the spot markets. Besides, adequate stocks position in the physical market due to higher arrivals from producing belts also put pressure on coriander prices. The contract for May delivery was trading at Rs 9180.00,down by 0.07% or Rs 6.00 from its previous closing of Rs 9186.00. The open interest of the contract stood at 3780.00 lots. The contract for June delivery was trading at Rs 9500.00, down by 0.12% or Rs 11.00 from its previous closing of Rs 9511.00. The open interest of the contract stood at 42460.00 lots on NCDEX.