Coriander prices on Wednesday declined by Rs 314 to Rs 15,716 per quintal in futures trade as participants reduced their positions in response to subdued demand in the physical market.

On the National Commodity and Derivatives Exchange, coriander contracts for August delivery decreased by Rs 314, or 2.00 per cent, settling at Rs 15,716 per quintal, accompanied by an open interest of 25,940 lots.

Market analysts indicated that muted spot demand and profit-taking by speculators exerted downward pressure on coriander futures prices.