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Chilli climbs 0.94% on strong demand

The December delivery traded higher by Rs 30, or 0.58%, to Rs 5,170 per quintal

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Press Trust of India New Delhi

Amid strong domestic demand and restricted arrivals from producing belts, chilli prices rose by Rs 58 to Rs 6,210 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, the March chilli rose by Rs 58, or 0.94%, to Rs 6,210 per quintal, with an open interest of 1,605 lots.

The December delivery traded higher by Rs 30, or 0.58%, to Rs 5,170 per quintal, with an open interest of 5,160 lots.

Marketmen attributed the rise in chilli futures to strong demand in the spot market amid lower arrivals from producing belts.

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First Published: Nov 22 2012 | 2:06 PM IST

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