Muted demand drags down coriander futures 2.22 pc

Coriander prices fell by 2.22 per cent to end at Rs 4,971 a quintal in futures market today as participants reduced holdings on muted domestic as well as export demand against ample stocks position.
Besides, higher supplies from major growing regions also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in August month declined by Rs 113, or 2.22 per cent, to close at Rs 4,971 per quintal with an open interest of 2,740 lots.
On similar lines, the spice for delivery in July was trading lower by Rs 102, or 2.04 per cent, to end at Rs 4,900 per quintal in 42,750 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.