Coriander futures slide 1.44 pc on muted demand

Coriander prices fell by 1.44 per cent to Rs 4,440 a quintal in futures market today as participants cut down positions amid muted domestic as well as export demand against ample stocks position on higher supplies from major growing regions.

At the National Commodity and Derivatives Exchange, coriander prices for delivery in current month declined by Rs 65, or 1.44 per cent, to Rs 4,440 per quintal, with an open interest of 8,090 lots.

On similar lines, the contract for November was trading lower by Rs 64, or 1.30 per cent, to Rs 4,870 per quintal in 26,130 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.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)