NCDEX coriander contracts up 1% on short covering.

Futures contracts of coriander rise over 1% on the NCDEX as traders covered their short positions after the contracts fell over 3% in the past three trading days. The contracts fell in the previous sessions due to expectations of an increase in imports. Of late, there has been a rise in imports from Bulgaria, Russia and Ukraine, and are likely to rise further. The bearish sentiment is likely to continue and the contracts are seen trading lower in the coming days.