NCDEX Coriander may post advance on strong requriment. Coriander futures spectator sharp advance on good claim along with supply concerns. Assumption of strong export need and harm of crops a month before due to untimely rains supported the prices in the near term.
Coriander May futures may trade strong for short term with support at 9750 and resistance – 10850. Side ways trade can be assume for intra day with support at 10150 and resistance at 10400.
Accessibility of good quality zest was likewise constrained too was a real sympathy toward the ascent in costs. As indicated by the Agriculture service, around 71,000 ha influenced which is around 20-25% of the product zones.
In any case, benefit booking may not be discounted as high vestige stocks may obstruct real upside. In the interim, coriander fare stays unaltered and remained at 34,000 tons amid Apr- Dec 2014-15.
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