Chilli futures prices today rose by 0.98% to Rs 5,342 per quintal speculators enlarged their positions amid pick up in demand in the spot market ahead of festive season.
Restricted arrivals from producing belts also supported the uptrend. At the National Commodity and Derivatives Exchange, chilli for delivery in August rose by Rs 152, or 0.98%, to Rs 5,342 per quintal, with an open interest of 8,235 lots.
The September contract shot up by Rs 44, or 0.82%, to Rs 5,442 per quintal, with an open interest of 2,610 lots.
Market analysts said besides thin supplies in the spot markets from producing belts, increased demand ahead of the festive season led to a rise in chilli prices in futures trade.