Coriander futures slide 2.21 pc on subdued demand

Coriander prices drifted lower by Rs 108, or 2.21 per cent, to close at Rs 4,786 per quintal in futures market today as participants cut down positions amid muted domestic as well as 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 October declined by Rs 108, or 2.21 per cent, to close at Rs 4,786 per quintal, with an open interest of 32,060 lots.
On similar lines, the contract for November delivery was trading lower by Rs 105, or 2.04 per cent, to end at Rs 5,035 per quintal, the open interest of the contract stood at 11,830 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.