Coriander futures slide 1.86% on subdued demand

Coriander prices fell 1.86 per cent to Rs 5,483 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.
Besides, rising arrivals from major producing belts and Profit-booking at higher levels also weighed on the sentiment.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in the April contract declined by Rs 104, or 1.86 per cent, to Rs 5,483 per quintal, with an open interest of 22,280 lots.
On similar lines, rates for far-month May were trading lower by Rs 90, or 1.60 per cent, to Rs 5,551 per quintal in 1,910 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.