Chilli up 1.3% on export demand

Tight supplies fuel uptrend

Supported by a surge in overseas demand and tight supplies, chilli prices shot up by 1.30% to Rs 4,976 per quintal in futures trade today as traders indulged in enlarging positions.

Traders said the rise in chilli futures prices was due to an increase in export demand against tight supplies in the spot markets from producing belts.

At the National Commodity and Derivatives Exchange, chilli for delivery in November traded Rs 64, or 1.30%, higher at Rs 4,976 per quintal, with an open interest of 4,715 lots.

December chilli rose by Rs 34, or 0.70%, to Rs 3,145 per quintal, with an open interst of 3,145 lots.