NCDEX coriander up over 2% as demand exceeds supply.

Futures contracts of coriander rose over 2% on the NCDEX because demand from domestic retailers was higher than the stocks available with farmers and stockists. The most-active July contract traded at 4,983 rupees per 100 kg, up 2.4% from the previous close, after it hit the 3% upper circuit in early trade. India annual consumption of coriander is 320,000 tonne, and the amount left with stockists is only half of it. In Kota, the benchmark market, the Badami variety of coriander traded at 5,700-5,750 rupees per 100 kg, while the Eagle variety was quoted at 5,900-5,950 rupees. Prices of both the varieties were up 100 rupees from previous close. Arrivals in Rajasthan were largely unchanged at 4,400 bags (1bag=40kg).