Chilli teja futures climb 3.60 pc on spot demand

Image
Press Trust of India New Delhi
Last Updated : Apr 23 2015 | 1:13 PM IST
Amid rising domestic demand and restricted supplies from producing belts, chilli teja prices shot up by 3.60 per cent to Rs 8,980 per quintal in futures trading today as speculators created fresh positions.
At the National Commodity and Derivative Exchange, chilli teja for delivery in July month spurted by Rs 312 or 3.60 per cent to Rs 8,960 per quintal with an open interest of 80 lots.
Similarly, the spice for delivery in June contracts moved up by Rs 124 or 1.45 per cent to Rs 8,698 per quintal in 1,700 lots.
Analysts attributed rise in chilli teja prices at futures trade to rising demand at spot markets against restricted supplies from producing regions.
*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

More From This Section

First Published: Apr 23 2015 | 1:13 PM IST

Next Story