Chilli futures lost Rs 86 to Rs 6,882 per quintal today as speculators reduced their positions amid a weak trend in the spot market due to sluggish demand and adequate stock availability.
At the National Commodity and Derivatives Exchange, chilli for delivery in December declined by Rs 86, or 1.23%, to Rs 6,882 per quintal, with an open interest for 5,130 lots.
In a similar fashion, the spice for February contract delivery shed Rs 70, or 1.19%, to Rs 5,800 per quintal in 1,915 lots.
Traders said offloading of positions by speculators influenced by a weak trend in spot market due to subdued demand and the adequate stocks position mainly led to the fall in chilli futures prices.