Chilli teja futures tick up 1.99 pc on tight supply

Chilli teja prices were up 1.99 per cent to Rs 8,400 per quintal in futures trading today as participants created speculative positions, triggered by tight supplies from producing belts.
Besides, rising demand in the spot market supported the upside.
At the National Commodity and Derivatives Exchange, chilli teja for delivery this month climbed Rs 164, or 1.99 per cent, to Rs 8,400 per quintal with an open interest of just five lots.
Analysts said, besides tight supplies in the physical market on restricted arrivals from producing regions, rising demand in spot markets attributed the rise in chilli teja prices at futures trade.