Chilli prices declined by 3.66% to Rs 5,692 per quintal in futures trade today as speculators offloaded their positions amid a weak trend in the spot market due to subdued demand.
At the National Commodity and Derivatives Exchange, April chilli fell by Rs 216, or 3.66%, to Rs 5,692 per quintal, with an open interest for 605 lots.
The February contract lost Rs 210, or 3.29%, to Rs 6,170 per quintal, with an open interest for 2,845 lots.
Market analysts said offloading of positions by speculators in tandem with subdued demand in the spot market mainly pulled down chilli prices in futures trade.