Coriander futures slide 1 pc on subdued demand

Coriander prices fell 1.11 per cent to trade at Rs 5,240 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.
Profit-booking at higher levels also weighed on the sentiment.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery this month declined by Rs 59, or 1.11 per cent, to trade at Rs 5,240 per quintal, with an open interest of 1,150 lots.
On similar lines, rates for April were trading lower by Rs 40, or 0.70 per cent, to Rs 5,662 per quintal in 24,120 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.