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Chilli gains 1.7% as demand picks up

Tight supplies push up prices

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Press Trust of India New Delhi

Chilli futures prices today gained 1.70% to Rs 5,734 per quintal on speculators increasing their positions, driven by a firming spot demand against thin supplies.

At the National Commodity and Derivatives Exchange, chilli for delivery in August gained Rs 96, or 1.70%, to Rs 5,734 per quintal, with an open interest of 4,595 lots.

The September contract traded higher by Rs 88, or 1.50%, to Rs 5,948 per quintal in 8,720 lots.

Marketman said pick up in demand in the spot market amid thin supplies from producing regions pushed up chilli futures.

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First Published: Aug 02 2012 | 2:12 PM IST

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