Coriander prices on Thursday declined by Rs 292 to Rs 14,312 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 October delivery decreased by Rs 292, or 2 percent, settling at Rs 14,312 per quintal, accompanied by an open interest of 22,360 lots.

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