Coriander futures slide 1.07% on muted demand

Coriander prices were down by 1.07 per cent to close at Rs 5,066 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.
Further, rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in September declined by Rs 55, or 1.07 per cent, to close at Rs 5,066 per quintal, with an open interest of 21,670 lots.
On similar lines, the spice for delivery in October traded lower by Rs 57, or 1.07 per cent, to end at Rs 5,252 per quintal, with an open interest of 25,160 lots.

Market analysts said offloading of positions by participants due to subdued demand at the spot market against adequate stocks position, mainly influenced coriander prices in futures trade.