Most seen up on export demand; coriander down

Futures contracts of all spices, except coriander, are expected to trade higher on domestic exchanges next week due to a rise in export demand.Bucking the trend, contracts of coriander NCDEX are expected to decline because of huge inventories of around 8 mln bags from the last season. Regular imports of coriander from Russia, Ukraine, and Bulgaria, due to higher domestic prices, will also weigh on sentiment.

Coriander up on NCDEX tracking spot markets

Futures contracts of coriander on the NCDEX ended over 2% higher tracking gains in key spot markets of Rajasthan. Prices of the spice rose in the state because of lower arrivals and a likely decline in acreage this rabi season. Total arrivals of the spice in Rajasthan were pegged at 6,000 bags down around 2,000 bags from the previous day.