Coriander futures down 2.38 pc on muted demand

Coriander prices slipped 2.38 per cent to close at Rs 4,350 per quintal in futures trade today as participants reduced exposure following subdued demand in spot market.
Profit-booking at existing higher levels also weighed on the sentiment.
In futures trading at the National Commodity and Derivatives Exchange, coriander for delivery in the current month declined by Rs 106, or 2.38 per cent, to close at Rs 4,350 per quintal, with an open interest of 8,170 lots.
The commodity for delivery in January fell Rs 81, or 1.83 per cent, to finish at Rs 4,348 per quintal, with an open interest of 44,450 lots.

Analysts attributed the fall in coriander futures to offloading of positions by traders, taking negative leads from physical markets due to tepid demand against sufficient stocks position.