Coriander prices on Tuesday declined by Rs 96 to Rs 14,960 per quintal in futures trade as participants reduced positions in response to subdued demand in the spot market.

On the National Commodity and Derivatives Exchange, coriander contracts for August delivery decreased by Rs 96, or 0.64 per cent, settling at Rs 14,960 per quintal, accompanied by an open interest of 20,050 lots.

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