Chilli sheds 1% on profit-booking

Adequate stocks in the physical market on higher arrivals from producing belt exert further pressure on prices

Chilli prices fell 0.99 per cent to Rs 10,050 per quintal in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in the spot market.

Further, adequate stocks position in the physical market on increased arrivals from producing belt put pressure on chilli teja prices.

At the National Commodity and Derivative Exchange, chilli teja for delivery in August lost Rs 100, or 0.99 per cent, to Rs 10,050 per quintal with an open interest of 80 lots.

Analysts said besides profit-booking by speculators, fall in demand in the spot market against adequate supplies led to the fall in chilli teja prices at futures trade.