 "Chilli slide 1.4% on weak demand")
Chilli prices fell by 1.46% to Rs 5,542 per quintal in futures trade today as speculators reduced their holdings amid weak demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, chilli for delivery in July fell by Rs 82, or 1.46%, to Rs 5,542 per quintal, with an open interest of 12,495 lots.
Similarly, chilli for delivery in August traded lower by Rs 72 or 1.26,% to Rs 5,640 per quintal in 6,995 lots.
Market analysts said offloading of positions by speculators due to weak demand in the spot market against adequate stocks position mainly kept pressure on chilli prices at futures trade.
At the National Commodity and Derivatives Exchange, chilli for delivery in July fell by Rs 82, or 1.46%, to Rs 5,542 per quintal, with an open interest of 12,495 lots.
Similarly, chilli for delivery in August traded lower by Rs 72 or 1.26,% to Rs 5,640 per quintal in 6,995 lots.
Market analysts said offloading of positions by speculators due to weak demand in the spot market against adequate stocks position mainly kept pressure on chilli prices at futures trade.