Coriander prices on Tuesday declined by Rs 50 to Rs 16,248 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 50, or 0.31 per cent, settling at Rs 16,248 per quintal, accompanied by an open interest of 22,790 lots.

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