NCDEX coriander hits 8-month high on low crop view

Futures contracts of coriander hit an eight-month high of 5,848 rupees per 100 kg on the NCDEX as production in the ongoing rabi season is likely to decline. The most-active April contract of coriander was at 5,840 rupees per 100 kg, up 2.3% from the previous close. Low prices during the sowing season made farmers shift to other remunerative crops. Prices of coriander were unavailable in Rajasthan as markets were shut on account of Basant Panchami.