Coriander futures slide 2.09 pc on subdued demand

Coriander prices fell 2.09 per cent to close at Rs 5,333 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 sentiment.
In futures trading at the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 114, or 2.09 per cent, to close at Rs 5,333 per quintal, with an open interest of 18,970 lots.
On similar lines, rates for January was trading lower by Rs 96, or 1.73 per cent, to end at Rs 5,442 per quintal in 27,040 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.