NCDEX coriander hits 7-week high as output may fall.

Futures contracts of coriander on the NCDEX extended gains and hit a 7-week high because of increased demand and lower crop forecasts for 2016-17 (Oct-Sep). Coriander output is estimated at around 320,000 tonnes in 2016-17, down 20% from 400,000 tonnes last year. The most-active April contract on the NCDEX traded up 1.6% from previous close. Arrivals in Kota were pegged at 10,000 bags (1bag=40kg) down from 2,000 bags.