Coriander prices on Wednesday declined by Rs 24 to Rs 15,322 per quintal in futures trade as participants reduced their positions in response to subdued demand in the spot market.

On the National Commodity and Derivatives Exchange, coriander contracts for August delivery declined by Rs 24, or 0.16 per cent, settling at Rs 15,322 per quintal, accompanied by an open interest of 23,915 lots.

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