Coriander futures slide on subdued demand

Coriander prices drifted lower by 2.65 per cent to close at Rs 4,858 per quintal in futures market today as participants cut down positions amid sluggish domestic and export demand against ample stocks position.
Besides, higher supplies from major growing regions also influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in the November declined by Rs 132, or 2.65 per cent, to close at Rs 4,858 per quintal with an open interest of 17,950 lots.
On similar lines, the contract for December delivery was trading lower by Rs 129, or 2.53 per cent, to end at Rs 4,960 per quintal and the open interest of the contract stood at 27,480 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.