NCDEX coriander tad down on muted demand; spot unchanged

Futures contracts of coriander on NCDEX shed early gains and traded marginally lower due to subdued demand for the commodity from spices makers and local stockists. The most active June contract of coriander on NCDEX was down 0.3%. Coriander prices are likely to trade in a range of 4,700-4,900 rupees per 100 kg in the short term due to absence of any major fundamental trigger. Arrivals of coriander in Rajasthan were estimated at 8,000 bags. In Kota, the benchmark market, the badami variety of coriander and the eagle variety both steady.