Chilli up 2.82% on export demand

Tight spot market supplies triggered the uptrend

Chilli futures for March traded Rs 180, or 2.82%, higher at Rs 6,570 per quintal in 6,165 lots.

At the National Commodity and Derivatives Exchange, the April contract rose by Rs 150, or 2.28%, to Rs 6,726 per quintal in 3,975 lots.

Increased export demand, tight spot market supplies supported the price.

India contributes about 10 to 12 lakh tonnes of chilli annually in the global market.