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Amid sluggish domestic demand and adequate supplies from producing regions, chilli prices fell further by 2.67% to Rs 9,398 per quintal in futures trading today as speculators trimmed positions.
At the National Commodity and Derivative Exchange, chilli teja for delivery in June fell by Rs 258, or 2.67% to Rs 9,398 per quintal with an open interest of 1,290 lots.
Similarly, the spice for delivery in July declined by Rs 218, or 2.19% to Rs 9,730 per quintal in 100 lots.
Analysts said offloading of positions by speculators due to weak demand in the spot market against adequate supplies from producing belts mainly put pressure on chilli prices at futures trade for the second-day.
