Chilli teja prices were up 2.95 per cent to Rs 9,140 per quintal in futures trading today as participants created speculative positions, triggered by tight supplies from producing belts.
Besides, rising demand in the spot market supported the upside.
At the National Commodity and Derivative Exchange, chilli teja for delivery in July climbed Rs 262, or 2.95 per cent, to Rs 9,140 per quintal with an open interest of 70 lots.
Similarly, the spice for delivery in June contracts edged up Rs 40, or 0.45 per cent, to Rs 8,928 per quintal in 1,770 lots.
Analysts said besides tight supplies in the physical market on restricted arrivals from producing regions, rising demand in spot markets partly explained the rise in chilli teja prices at futures trade.
