Chilli up 0.7% as demand picks up

Market analysts said fresh positions built-up by speculators after demand picked up the spot market against restricted arrivals from producing regions mainly led to rise in the prices

Chilli prices rose by 0.79% to Rs 10,166 per quintal in futures trade today as speculators created fresh positions on pick-up in demand in the spot market.

At the National Commodity and Derivative Exchange, chilli teja for delivery in June rose by Rs 80, or 0.79% to Rs 10,166 per quintal with an open interest of 1,575 lots.

Market analysts said fresh positions built-up by speculators after demand picked up the spot market against restricted arrivals from producing regions mainly led to rise in chilli teja prices at futures trade.