Chilli down 1.44% on profit-booking
The November contract lost Rs 76, or 1.45%, to Rs 5,180 per quintal in 6,890 lots
Chilli prices fell by Rs 78 to Rs 5,350 per quintal in futures trade today as speculators booked profits at prevailing higher levels.
At the National Commodity and Derivatives Exchange, the October contract for chilli moved down by Rs 78, or 1.44%, to Rs 5,350 per quintal, with an open interest of 4,360 lots.
The November contract lost Rs 76, or 1.45%, to Rs 5,180 per quintal in 6,890 lots.
Marketmen said off-loading of positions by speculators as demand at spot market declined at prevailing higher levels mainly influenced chilli futures.
They said heavy selling activity of the commodity by the investors as a higher output is estimated in the current year.