 "Chilli up 1.9% on spot demand")
Chilli prices moved up 1.96% to Rs 6,230 per quintal in futures trade today as speculators built up fresh positions on expectations of a rise in demand in the spot market.
At the National Commodity and Derivatives Exchange, chilli for delivery in November month rose by Rs 120, or 1.96% to Rs 6,230 per quintal with an open interest of 3,150 lots.
Similarly, the spice for delivery in December moved up by Rs 108, or 1.73% to Rs 6,340 per quintal in 1,900 lots.
Market analysts said fresh positions created by speculators amid hopes of a rise in demand in the spot market mainly led to rise in chilli prices at futures trade.
At the National Commodity and Derivatives Exchange, chilli for delivery in November month rose by Rs 120, or 1.96% to Rs 6,230 per quintal with an open interest of 3,150 lots.
Similarly, the spice for delivery in December moved up by Rs 108, or 1.73% to Rs 6,340 per quintal in 1,900 lots.
Market analysts said fresh positions created by speculators amid hopes of a rise in demand in the spot market mainly led to rise in chilli prices at futures trade.