Muted demand drags down coriander futures by 1.07 pc

Coriander prices fell by 1.07 per cent to Rs 4,810 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position.
Moreover, higher supplies from major growing regions influenced coriander futures.
At the National Commodity and Derivatives Exchange, coriander prices for delivery November declined by Rs 52, or 1.07 per cent, to Rs 4,810 per quintal, with an open interest of 3,690 lots.
On similar lines, the contract for December was trading lower by Rs 51, or 1.03 per cent, to Rs 4,896 per quintal in 27,550 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.