coriander down 1% on profit booking

NCDEX coriander down 1% on profit booking. The January contract of coriander fell 1% on NCDEX as investors booked profits after prices hit a two-week high of 6,418 rupees per 100 kg. The most active January contract was at 6,300 rupees per 100 kg, down 1% from the previous close.Prices of coriander also fell in Ramganj, a key market in Rajasthan, due to an increase in arrivals and subdued demand from stockists. Arrivals in Ramganj today were pegged at 3,000 bags (1 bag = 40 kg), up 1,000 bags from previous day. The badami variety was sold at 6,500 rupees per 100 kg, and the eagle variety was quoted at 6,300 rupees, both down 100 rupees.

Futures contracts of all spices, barring jeera and mentha oil, ended lower on the domestic exchanges. The January contract of cardamom and coriander ended lower on the National Commodity and Derivatives Exchange because of profit booking by investors.In early trade, cardamom hit an over one-week high of 1,534.90 rupees per kg, while coriander on previous day had hit a two-week high of 6,418 rupees per 100 kg.