Coriander futures slide 1.10% on subdued demand

NEW DELHI, May 31: Coriander prices fell 1.10 per cent to Rs 4,368 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 July contract declined by Rs 49, or 1.10 per cent, to Rs 4,368 per quintal with an open interest of 13,160 lots.
On similar lines, June contract was trading lower by Rs 29, or 0.67 per cent, to Rs 4,288 per quintal in 27,670 lots.
Analysts attributed the fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions. (PTI)