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Chilli futures climbs 3.97% on strong demand

Press Trust of India  |  New Delhi 

In restricted activity, chilli prices surged by 3.97 per cent to hit upper circuit at Rs 12,264 per quintal in futures trade today as speculators enlarged positions on the back of strong demand at spot market against restricted supplies from producing regions.

At the National Commodity and Derivative Exchange, chilli teja for delivery in December month jumped Rs 468, or 3.97 per cent to Rs 12,264 per quintal with an open interest of 15 lots.

Analysts attributed rally in chilli prices at futures trade to strong demand in the spot market against limited supplies from producing regions.

First Published: Tue, November 17 2015. 12:22 IST