Muted demand pushes down coriander futures by 1.86%

Coriander prices fell 1.86 per cent to close at Rs 4,811 a quintal in futures market today as participants cut down their bets, tracking weak domestic and export demand against ample stocks position.
Higher supplies from major growing regions led to the surplus.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in the current month declined by Rs 91, or 1.86 per cent, to close at Rs 4,811 per quintal, with an open interest of 17,920 lots.
On similar lines, the contract for October was trading lower by Rs 89, or 1.74 per cent, to end at Rs 5,015 per quintal in 29,070 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.