Chilli surges 2.31% on strong demand

Amid strong demand and tight supply, chilli prices surged by Rs 136 to Rs 6,030 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, the March contract for chilli surged by Rs 136, or 2.31%, to Rs 6,030 per quintal, with an open interest of 910 lots.

Similarly, the December contract shot up by Rs 112, or 2.23%, to Rs 5,124 per quintal, with an open interest of 5,420 lots.

Marketmen said besides strong demand in the spot market following festive season, lower arrivals from producing belts mainly led to an upsurge in chilli prices at futures market.