Chilli futures prices today shot up by Rs 156 to Rs 4,764 per quintal as speculators enlarged their positions, driven by a firming trend at spot market on strong demand.
Restricted arrivals from producing belts also supported the uptrend in chilli prices.
At the National Commodity and Derivatives Exchange, chilli for delivery in June shot up by Rs 156, or 3.39% to Rs 4,764 per quintal with an open interest of 3545 lots.
The July contract gained Rs 98, or 2.05%, to Rs 4,874 per quintal in 7,535 lots.
Market analysts said increased buying by speculators after surge in demand in the spot market, mainly led to a rise in chilli futures prices.