NCDEX coriander hits 3% lower cap as supply seen up

The April contract of coriander on NCDEX hit the 3% lower circuit on expectation of a rise in supply in the coming days. Higher carryover stocks amid subdued demand from overseas buyers also weighed on prices. Carryover stocks are estimated at 8 mln bags (1 bag = 40 kg) compared with 5-6 mln bags in 2015-16.