Chilli sheds 1.5% on profit-taking

Chilli prices fell by Rs 90 to Rs 5,886 per quintal in futures trade today, as speculators indulged in booking profit at existing higher levels.

At the National Commodity and Derivative exchange, chilli for delivery in March, the most active contract, fell by Rs 90, or 1.51%, to Rs 5,886 per quintal, with an open interest of 1,690 lots.

February chilli declined by Rs 78, or 1.27%, to Rs 6,080 per quintal, with an open interest of 2,705 lots.

Market experts said besides profit-taking fall in demand in the spot market, mainly led to the decline in chilli prices at the futures market.