NCDEX coriander up over 1% as inventories fall.

Futures contracts of coriander up over 1% on the NCDEX because of a decline in inventories at exchange-accredited warehouses. Stocks of coriander pegged at 11,730 MT as of Oct 10, down 297 MT from Oct 09. Sowing of coriander is expected to commence by the end of October and due to prevailing lower prices, there are expectations of a sharp decline in area under the rabi crop. This is seen supporting prices. Arrivals in Rajasthan estimated at 6,000 bags (1 bag = 40 kg), down 1,000 bags from the previous day.