Chilli up 2% on export demand

Tight supplies fuel uptrend

Supported by a surge in overseas demand and tight supplies, chilli prices shot up by 2.04% to Rs 5,104 per quintal in futures trade today as traders indulged in enlarging positions.

Traders said the rise in chilli futures prices was due to an increase in export demand against tight supplies in the spot markets from producing belts.

At the National Commodity and Derivatives Exchange, chilli for delivery in December traded Rs 102, or 2.04%, higher at Rs 5.104 per quintal, with an open interest of 4,650 lots.

November chilli rose by Rs 78, or 1.58%, to Rs 5,016 per quintal, with an open interest of 1,925 lots.