NCDEX Oct coriander up nearly 2% on short covering.

The October coriander contract on NCDEX rose nearly 2% as traders continued to cover their short positions. Open interest in the contract declined by 230 tn to 39,170 tn, which indicated short covering. Coriander futures have declined sharply in the last few sessions following a rise in imports from Bulgaria, Russia, and Ukraine. Prices are expected to see some correction to due to high inventories and lower demand.