Coriander futures slide 1.16 pc on subdued demand

Coriander prices drifted lower by 1.16 per cent to close at Rs 4,927 per quintal in futures market today as participants cut down positions amid sluggish domestic as well as export demand against ample stocks position.
Besides, improved arrivals from major growing regions influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in the current month declined by Rs 58, or 1.16 per cent, to close at Rs 4,927 per quintal, with an open interest of 6,760 lots.
On similar lines, the contract for December was trading lower by Rs 52, or 1.03 per cent, to end at Rs 5,020 per quintal, the open interest of the contract stood at 35,440 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.