Coriander trades down on profit booking

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Coriander futures declined on profit booking. Spot prices remained firm and traded near Rs 4920 per quintal and arrivals were estimated near 4000 bags.
Total production of coriander in 2010-11 is estimated about 90 lakh bags and carry over stocks has been estimated 20 lakh bags.
However other trade sources are projecting much lesser production estimates of 60- 65 lakh bags due to lower acreage of cultivation.
Erratic weather condition during the sowing period had decreased the acreage under cultivation. Arrivals usually starts from mid of February and extent till may end.

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Coriander-trades-down-on-profit-booking-11687.html)

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