Muted demand drags down coriander futures 1.10 pc

Coriander prices fell by 1.10 per cent to close at Rs 4,765 a 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 this month declined by Rs 53, or 1.10 per cent, to close at Rs 4,765 per quintal, with an open interest of 21,640 lots.
On similar lines, the contract for September was trading lower by Rs 45, or 0.92 per cent, to end at Rs 4,855 per quintal in 25,080 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.