Continuing its upward march for the third straight session, chilli futures prices today added Rs 108 to Rs 5,808 per quintal as speculators enlarged their positions, supported by the rising spot demand.
Thin supplies from producing belts fuelled the uptrend in chilli futures.
At the National Commodity and Derivatives Exchange, chilli for delivery in August added Rs 108, or 1.89%, to Rs 5,808 per quintal, with an open interest of 4,065 lots.
The September contract gained Rs 104, or 1.75%, to Rs 6,036 per quintal in 9,455 lots.
Market analysts said rising demand in the spot market amid thin supplies from producing regions kept chilli futures firm for the third straight day at futures trade.