NCDEX coriander hits 2-week high as output may fall

Futures contract of coriander on the NCDEX hit a two-week high of 5,714 rupees per 100 kg today due to expectations of lower rabi output following an over 40% decline in acreage. The most active January contract of coriander on the NCDEX was at 5,685 rupees per 100 kg, up 1.9% from the previous close. Lower moisture and unfavourable weather conditions have been witnessed in major states (Gujarat and Rajasthan), which may reduce the yield of coriander seeds.