Muted demand drags down coriander futures 2.05 pc

Coriander prices fell by 2.05 per cent to close at Rs 4,917 a quintal in futures market today as participants trimmed their positions, tracking muted domestic as well as export demand in the spot market.
Besides, higher supplies from major growing regions also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in August declined by Rs 103, or 2.05 per cent, to close at Rs 4,917 per quintal with an open interest of 38,510 lots.
On similar lines, the spice for September delivery was trading lower by Rs 96, or 1.88 per cent, to end at Rs 5,000 per quintal in 6,430 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.