Chilli up 2% on spot market demand

Chilli prices moved up by 2.03% to Rs 5,338 per quintal in futures trading today as speculators created fresh positions driven by pick-up in spot market demand.

At the National Commodity and Derivatives Exchange, the March contract rose by 106, or 2.03%, to Rs 5,338 per quintal, with an open interest of 3,730 lots.

The April contract rose by Rs 108, or 2.02%, to Rs 5,466 per quintal, with an open interest of 1,330 lots.

Market analysts said fresh buying by speculators on the back of a rise in spot demand mainly pushed up chilli prices at futures trade.