Chilli down 3.9% on sluggish demand
Analysts said subdued demand at spot markets against adequate stocks following higher supplies mainly put pressure on chilli futures prices
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Chilli prices moved down by 3.99% to Rs 6,588 per quintal in futures trade today as speculators reduced exposures amid a weak trend at spot market on sluggish demand.
At the National Commodity and Derivatives Exchange, chilli for delivery in November moved down by Rs 274, or 3.99%, to Rs 6,588 per quintal with an open interest of 35 lots.
Analysts said subdued demand at spot markets against adequate stocks following higher supplies mainly put pressure on chilli futures prices.
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First Published: Nov 20 2013 | 12:51 PM IST