Chilli futures prices today jumped up by 2.29% to Rs 4,920 per quintal as speculators enlarged their positions on hopes of a strong demand ahead of the festive season.
Restricted arrivals from producing belts supported the uptrend.
At the National Commodity and Derivatives Exchange, chilli for delivery in July rose by Rs 110, or 2.29%, to Rs 4,920 per quintal, with an open interest of 2,555 lots.
The August contract shot up by Rs 112, or 2.25%, to Rs 5,098 per quintal in 6,245 lots.
Market analysts said increased buying by speculators hopes of a rise in demand ahead of festive season amid restricted arrivals from producing belts mainly led an upsurge in chilli prices in futures trade.