NCDEX coriander up nearly 2% on short covering

Futures contracts of coriander on NCDEX gained nearly 2% as investors covered their short positions after prices hit a three-week low of 5,222 rupees per 100 kg. The most active January contract of coriander on the NCDEX traded at 5,365 rupees per 100 kg, up 1.6% from the previous close. The rise in prices was also because of expectations of a smaller crop in 2017-18 (Oct-Sep) as farmers shifted to other lucrative crops in Gujarat.