Muted demand drags down coriander futures 1.30%

Coriander prices fell by 1.30 per cent to close at Rs 4,779 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 in September declined by Rs 63, or 1.30 per cent, to close at Rs 4,779 per quintal, with an open interest of 33,010 lots.
On similar lines, the contract for October was trading lower by Rs 35, or 0.70 per cent, to end at Rs 4,949 per quintal in 13,100 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.