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Chilli futures up as spot demand improves

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Press Trust of India New Delhi

Chilli prices rose by Rs 44, or 1.10 per cent, to Rs 4,041 per quintal in futures trading today, as speculators enlarged their positions, driven by pick up in demand in the spot market.

At the National Commodity and Derivatives Exchange counter, chilli for September rose Rs 44, or 1.10 per cent, to Rs 4,041 per quintal, with an open interest of 6,645 lots.

Similarly, the spice for delivery in October-month edged up by Rs 31, or 0.72 per cent, to Rs 4,310 per quintal, with an open interest of 2,335 lots.

Marketmen said speculators enlarged their positions, supported by rise in demand at spot markets against tight supply, which led to a rise in chilli prices at futures market here.

 

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First Published: Sep 03 2010 | 2:04 PM IST

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