Coriander futures slide 0.97 pc on subdued demand

Coriander prices fell 0.97 per cent to Rs 5,598 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.
Profit-booking at higher levels also weighed on the sentiment.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in January declined by Rs 55, or 0.97 per cent, to Rs 5,598 per quintal, with an open interest of 38,690 lots.
On similar lines, spices for April were trading lower by Rs 62, or 0.95 per cent, to Rs 6,415 per quintal in 10,390 lots.

Market analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stock position on increased supplies from producing regions.