Coriander futures slide 1.06 pc on subdued demand

Coriander prices drifted lower by 1.06 per cent to close at Rs 5,018 per quintal in futures market today as participants cut down positions amid sluggish domestic and export demand against ample stocks position.
Besides, higher supplies from major growing regions influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 54, or 1.06 per cent, to close at Rs 5,018 per quintal with an open interest of 11,220 lots.
Similarly, contract for December delivery was trading lower by Rs 54, or 1.04 per cent, to finish at Rs 5,118 per quintal. The open interest of the contract stood at 33,210 lots.

Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.