Coriander futures extend losses, down 2.98 pc on muted demand

Coriander prices fell further by 2.98 per cent to close at Rs 4,586 per quintal in futures market today as participants trimmed positions, tracking muted domestic as well as export demand in the spot market amid ample stocks position.
Further, higher supplies from major producing regions weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in the current month declined by Rs 141, or 2.98 per cent, to close at Rs 4,586 per quintal, with an open interest of 10,480 lots.
On similar lines, the contract for October was trading lower by Rs 99, or 1.99 per cent, to end at Rs 4,874 per quintal, the open interest of the contract stood at 35,610 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.