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Chilli rises 0.9% on spot demand

Thin supplies influence prices

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Chilli prices moved up by 0.91% to Rs 4,650 per quintal in futures trading today as speculators enlarged positions, tracking rising spot demand.

At the National Commodity and Derivatives Exchange, chilli for delivery in September rose by Rs 42, or 0.91%, to Rs 4,650 per quintal, with an open interest of 265 lots.

October chilli gained Rs 46, or 0.87%, to Rs 5,306 per quintal, with an open interest of 265 lots.

Marketmen said rising demand in the spot market amid thin supplies from producing regions led to the rise in chilli futures.

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First Published: Sep 13 2012 | 12:22 PM IST

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