Chilli teja prices dropped by 3.99 per cent to Rs 8,804 per quintal in futures trading today amid negative cues from spot market on subdued demand.
At the National Commodity and Derivative Exchange, chilli teja for delivery in June month plunged by Rs 366, or 3.99 per cent to Rs 8,804 per quintal with an open interest of 930 lots.
Similarly, the spice for delivery in July contracts traded lower by Rs 394, or 3.99 per cent to Rs 9,486 per quintal in 2,250 lots.
Analysts said offloading of positions by speculators due to low demand in the spot market against adequate stocks position mainly pulled down chilli teja prices at futures trade.
