Coriander futures slide 3.98 pc on subdued demand

Coriander prices drifted lower by Rs 191, or 3.98 per cent, to close at Rs 4,602 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 191, or 3.98 per cent, to close at Rs 4,602 per quintal, with an open interest of 21,610 lots.
On similar lines, the contract for November delivery was trading lower by Rs 159, or 3.13 per cent, to end at Rs 4,926 per quintal, the open interest of the contract stood at 21,130 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.