Coriander futures slide 1.27 pc on subdued demand

Coriander prices drifted lower by 1.27 per cent to Rs 4,943 per quintal in futures market today as participants cut down positions amid sluggish domestic as well as export demand against ample stocks position.
Besides, higher supplies from major growing regions influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in November declined by Rs 64, or 1.27 per cent, to Rs 4,943 per quintal, with an open interest of 23,850 lots.
Similarly, contract for far-month December was trading lower by Rs 49, or 0.96 per cent, to Rs 5,021 per quintal, the open interest of the contract stood at 21,380 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.