Coriander on NCDEX rose

The January futures contract of coriander on NCDEX rose as investors covered short positions after prices hit a 10-week low of 5,863 rupees per 100 kg in early trade. The near-month January contract was at 6,011 rupees per 100 kg, up 0.9% from previous close. A decline in open interest in the contract by 1,070 ton to 5,470 tn indicated short covering. The overall sentiment for coriander is bullish due to expectations of lower production this season. The benchmark market of Kota, Rajasthan, has been shut, ahead of a two-day nationwide strike called by trade unions.