NCDEX coriander at 2-week low on forecast of rains.

Futures contracts of coriander on NCDEX hit a two-week low of 4,611 rupees per 100 kg because of forecast of good progress of the monsoon in Gujarat and Rajasthan. The most-active August contract was down 1.3% at 4,708 rupees per 100 kg. Profit booking in the front-month July contract ahead of expiry on Jul 20 also weighed on coriander futures. The fall in prices, however, is seen restricted at 4,550 rupees per 100 kg, as investors may buy the commodity at lower prices on the back of lower production this year.