Coriander futures slide 1.55 pc on subdued demand

Coriander prices fell 1.55 per cent to Rs 5,326 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 84, or 1.55 per cent, to Rs 5,326 per quintal, with an open interest of 42,060 lots.
On similar lines, rates for this month were trading lower by Rs 65, or 1.21 per cent, to Rs 5,270 per quintal in 990 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.