NCDEX coriander hits 4% lower circuit on weak demand.

Futures contracts of coriander on the NCDEX hit their 4% lower circuit due to lack of demand from Stuckists. On the NCDEX, the most active May contract was down 2.9%. A rise in inventories at exchange warehouses also weighed on prices. Exchange-designated warehouses had 16,599 tonne of coriander, compared with 16,271 tonne on previous close. In Ramganj, a key market in Rajasthan, the Badami and Eagle variety of coriander was sold down 100-150 rupees from the previous close. Arrivals in Ramganj were pegged at 40,000 bags (1bag=40kg) unchanged from the previous day.