Chilli down over 3% on sluggish demand

Adequate stock positiion also pulled prices lower

Chilli prices fell by Rs 152 to Rs 4,860 per quintal in futures trading today as speculators offloaded their positions on the back of sluggish demand in the spot market.

At the National Commodity and Derivative Exchange, chilli for delivery in June fell by Rs 152, or 3.03%, to Rs 4,860 per quintal, with an open interest of 2,135 lots.

The July contract lost Rs 140, or 2.76%, to Rs 4,930 per quintal, with an open interest of 7,465 lots.

Market analysts attributed the fall in chilli futures to a weak trend at spot markets on sluggish demand against adequate stocks position.