 "Chilli down 2.6% on weak demand, adequate supply")
Amid sluggish domestic demand and adequate supplies from producing regions, chilli prices fell further by 2.67% to Rs 9,398 per quintal in futures trading today as speculators trimmed positions.
At the National Commodity and Derivative Exchange, chilli teja for delivery in June fell by Rs 258, or 2.67% to Rs 9,398 per quintal with an open interest of 1,290 lots.
Similarly, the spice for delivery in July declined by Rs 218, or 2.19% to Rs 9,730 per quintal in 100 lots.
Analysts said offloading of positions by speculators due to weak demand in the spot market against adequate supplies from producing belts mainly put pressure on chilli prices at futures trade for the second-day.
At the National Commodity and Derivative Exchange, chilli teja for delivery in June fell by Rs 258, or 2.67% to Rs 9,398 per quintal with an open interest of 1,290 lots.
Similarly, the spice for delivery in July declined by Rs 218, or 2.19% to Rs 9,730 per quintal in 100 lots.
Analysts said offloading of positions by speculators due to weak demand in the spot market against adequate supplies from producing belts mainly put pressure on chilli prices at futures trade for the second-day.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%