Chilli prices fell by Rs 44 to Rs 8,040 per quintal in futures trade today as speculators reduced their positions due to sluggish spot market demand at existing higher levels.
At the National Commodity and Derivatives Exchange, September chilli eased by Rs 44, or 0.54%, to Rs 8,040 per quintal, with an open interest for 11,365 lots.
The October delivery shed Rs 40, or 0.47%, to Rs 8,440 per quintal, with an open interest for 2,315 lots.
Market analysts said traders reducing their holdings due to sluggish spot demand at prevailing higher levels led to the decline in chilli futures prices.
