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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.
