Coriander futures slide 1.29 pc on muted demand

Coriander prices fell 1.29 per cent to Rs 4,867 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position on higher supplies from major growing regions.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 64, or 1.29 per cent, to Rs 4,867 per quintal, with an open interest of 170 lots.
On similar lines, the contract for December was trading lower by Rs 61, or 1.20 per cent, to Rs 5,015 per quintal in 33,230 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.