India coriander down on high imports

The trend for futures contracts of jeera, mentha oil and turmeric in the next five trading sessions is seen bullish, while coriander and cardamom contracts may post losses. On the National Commodity and Derivatives Exchange, prices of coriander may continue to decline as demand is very poor and imports are on a rise. Imports may rise from Ukraine as the country’s production is likely to double to 14,000-16,000 tn this year.