Coriander up on NCDEX due to high demand, low stock.

Futures contracts of coriander on the NCDEX trading higher because of an increase in demand from retailers. Most active August contract on NCDEX up 0.6% from the previous close. Stocks with farmers are insufficient to cater to the demand this year due to lower output in 2016-17 (Oct-Sep). This contributed to the rise in prices. Slight slowdown in monsoon rainfall in Gujarat and Rajasthan in recent days may further support gains in prices. Arrivals of coriander in Rajasthan pegged at 5,500 bags (1bag=40kg) up 1,200 bags from previous day.