 "Chilli down 3.9% on increased selling activity, higher output")
Chilli prices fell by Rs 254 to Rs 6,132 per quintal in futures trade today on heavy selling activity on reports of a higher output estimates.
Subdued demand from retailers and stockists in spot markets also influenced the sentiment in futures.
At the National Commodity and Derivatives Exchange, chilli for delivery in November fell by Rs 254, or 3.98%, to Rs 6,132 per quintal with an open interest of 3,435 lots.
Marketmen said off-loading of positions by speculators after demand at spot market declined at prevailing higher levels mainly influenced chilli futures.
They said reports of better output estimates in the current year also influenced the sentiment.
Subdued demand from retailers and stockists in spot markets also influenced the sentiment in futures.
At the National Commodity and Derivatives Exchange, chilli for delivery in November fell by Rs 254, or 3.98%, to Rs 6,132 per quintal with an open interest of 3,435 lots.
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Likewise, chilli for delivery in October lost Rs 158, or 2.62%, to Rs 5,880 per quintal with open interest of 1,440 lots.
Marketmen said off-loading of positions by speculators after demand at spot market declined at prevailing higher levels mainly influenced chilli futures.
They said reports of better output estimates in the current year also influenced the sentiment.