Chilli up 1.8% on firm demand, tight supply

Chilli prices gained 1.87% to Rs 6,762 per quintal in futures trade today as speculators created fresh positions, driven by firm demand in the spot market against tight supplies from producing belts.

At the National Commodity and Derivatives Exchange, chilli for delivery in December gained Rs 124, or 1.87%, to Rs 6,762 per quintal with an open interest of 3,215 lots.

Analysts said speculators created fresh positions, supported by firm demand in the spot market against tight supplies from producing belts mainly pushed up chilli prices at futures trade.