Coriander futures slide 1.42 pc on tepid demand

Coriander prices fell 1.42 per cent to close at Rs 5,675 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.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in far-month May declined by Rs 82, or 1.42 per cent, to close at Rs 5,675 per quintal, with an open interest of 1,790 lots.
On similar lines, rates for April were trading lower by Rs 79, or 0.1.39 per cent, to finish at Rs 5,608 per quintal in 22,130 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.