Coriander futures slide 2.92% on muted demand

Coriander prices were down by 2.92 per cent to Rs 7,045 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.
Further, higher production from major producing belts in this season also fuelled the downtrend.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in July month declined by Rs 212, or 2.92 per cent to Rs 7,045 per quintal with an open interest of 5,800 lots.
On similar lines, the spice for delivery in June month contracts traded lower by Rs 182, or 2.54 per cent to Rs 6,981 per quintal in 16,200 lots.

Market analysts said offloading of positions by participants due to subdued demand in the spot market against adequate stocks position, mainly influenced coriander prices at futures trade.