Coriander futures slide 2.27% on muted demand

Coriander prices were down by 2.27 per cent to Rs 4,940 per quintal in futures market today as speculators trimmed their positions, tracking subdued demand at the spot market.
Further, rising arrivals from major growing regions also weighed on coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 115 or 2.27 per cent to Rs 4,940 per quintal with an open interest of 970 lots.
On similar lines, the spice for delivery in August month contract traded lower by Rs 109, or 2.13 per cent to Rs 5,020 per quintal in 42,080 lots.

Market analysts said offloading of positions by participants due to subdued demand at the spot market against adequate stocks position, mainly influenced coriander prices in futures trade.